The salary of an employee increases consistently by 50% every year. If his salary today is ₹ 10000, what will… · ABC26GN2419
Subject: General Aptitude · Chapter: Percentage · Exam: S.B.I. P.O. 2005
The salary of an employee increases consistently by 50\% every year. If his salary today is ₹ 10000, what will be the salary after another 4 years?
(a)₹ 26500
(b)₹ 33750
(c)₹ 50625
(d)₹ 62500
(e)None of these
Answer
Explanation
Salary after 4 years $=₹\left[10000\left(1+\frac{50}{100}\right)^{4}\right]$ $$=₹\left(10000 \times \frac{3}{2} \times \frac{3}{2} \times \frac{3}{2} \times \frac{3}{2}\right)=₹ 50625 .$$
Explanation as extracted from the printed page; notation may be imperfect.
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