Question 95
The salary of an employee increases constantly by 50% every year. If his salary today is Rs. 10,000, what will be the salary after another 4 years ?
Solution
The salary of the employee today is Rs. 10000
The salary of the employee after one year is 10000*1.5 = Rs. 15000
The salary of the employee after two years is 15000*1.5 = Rs.22500
The salary of the employee after three years is 22500*1.5 = Rs. 33750
The salary of the employee after four years is 33750*1.5 = Rs. 50625
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