1. 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 ?
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By: anil on 05 May 2019 01.30 am
Here, the salary is compounded every year.
Let salary be x.
22385=x(1+.1)2 x=18,500
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Let salary be x.
22385=x(1+.1)2 x=18,500