Aniruddha's salary increases at the rate of 10% per month. If his initial salary is Tk. 1,000, what will his salary amount to after 3 increments?
Created: 2 years ago |
Updated: 11 months ago
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Aniruddha's salary increases at the rate of 10% per month, which means his salary after each increment will be 110% of his previous salary.
After 1st increment, his salary will be: 1,000 + (10% of 1,000) = 1,100
After 2nd increment, his salary will be: 1,100 + (10% of 1,100) = 1,210
After 3rd increment, his salary will be: 1,210 + (10% of 1,210) = 1,331
Therefore, Aniruddha's salary will amount to Tk. 1,331 after 3 increments
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