1. A man’s pension on retirement from service is equal to half the average salary during last 3 years of his service. His salary from 1-1-1983 is Rs. 380 per month with increment of Rs. 40 due on 1-10-83, 1-10-84 and 1-10-85, If he retires on 1-1-86, what pension does he draw ?
Write Comment
Comments
By: anil on 05 May 2019 01.56 am
annual salary of man for the year 1983 = 380*9 (for first 9 months) + 420*3 (for last 3 months after increment) = 3420+1260 = rs 4680 similarly,annual salary of man for the year 1984 = 420*9 + 460*3 = rs 5160 similarly,annual salary of man for the year 1985 = 460*9 + 500*3 = rs 5640
avg monthly salary of man for last 3 years = $$frac{4680+5160+5640}{36}$$ = 430 pension of the man is = $$frac{430}{2}$$ = 215
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use
avg monthly salary of man for last 3 years = $$frac{4680+5160+5640}{36}$$ = 430 pension of the man is = $$frac{430}{2}$$ = 215