Question

The salary of an employee of a company increases every month by 5%. If his salary in march was rs. 7500. Then what would be his approximate salary in the month of may of the same year

Answer 1

$7500 div 100 = 75 = 1%.75 times 5 = 375 = 5%.so in april salary will be 7500 + 375 = 7875.7875 div 100 = 78.75 = 1%.78.75 times 5 = 393.75.so in may his salary will be 7875 + 393.75 = 8268.75$