Question 120

Mr Shamin’s salary increase every year by 10% in june. If there is no other increase or reduction in the salary and his salary in June 2011 was rs 22,385, what was his salary in June 2009 ?

Solution

Share

Here, the salary is compounded every year.
Let salary be x.
22385=x(1+.1)2

x=18,500

Was this solution helpful?

Get AI Help

View More Questions From Average, Ratio, and Proportions

Create a FREE account and get:

  • Banking Quant Shortcuts PDF
  • Free Banking Study Material - (15000 Questions)
  • 135+ Banking previous papers with solutions PDF
  • 100+ Online Tests for Free

Book Free CAT Mentorship

Get personalized CAT strategy from a 99%iler

500+ students mentored
CAT mentor

Join CAT 2026 course by 5-Time CAT 100%iler

Start your IIM journey with the right preparation and crack CAT 2026.

Enroll Now
Ask AI