Please enter the following details
Free Daily Targets & Mocks
Study Material & Formulas PDFs
1 on 1 Mentorship
Question 191
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.
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
