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Question 29
The salary of an employee of a company increases every month by 4%. If his salary in August was Rs.6,300, what will be his approximate salary in month of October of the same year ?
Solution
Given that , the salary in august is 6300. And the salary increases by 4% every month. i.e. the new salary will be (1+$$\frac{4}{100}$$) times.
In September , it will be 6300* (1+0.04) = 6552
In October , it will be 6552 * (1+0.04) = 6814 rs.
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