Discussion :: IBPS BANK EXAM TEST 6
- The salary of an employee of a company increases every month by 4% . If his salary in August was Rs.6300. What will be his appropriate salary in month of October of the same year?
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Answer : Option C
Explanation :
A = P(1+R/100)T
= 6300 (1+ 4/100)2
= 6300 * 26/25 * 26/ 25 = Rs. 6814
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