Question

Arun gets salary of Rs. 4 lakh per annum and increment of 5% per annum, Find arun's monthly salary after 2 years.
1. Rs. 36750
2. Rs. 38450
3. Rs. 36450
4. Rs. 37850

Answer 1

Correct Answer - Option 1 : Rs. 36750

Given:

Salary Rs. 4 lakh per annum and Increment of 5% per annum

Formula used:

Percentage = (Part value/Whole value) × 100

Calculation:

The salary of Arun after 1^st year

⇒ 400000 × (105/100) = Rs. 420000

The salary of Arun after 2^nd year

⇒ 420000 × (105/100) = Rs. 441000

Arun's monthly salary

⇒ 441000/12 = Rs. 36750

∴ The monthly salary of Arun is Rs. 36750.