Zahir, after joining to a new job, received a 10% Raise each year for 4 consecutive years. If his salary after the 4th raise is Tk. 4,392.30, what was his starting salary?
Created: 6 years ago |
Updated: 1 year ago
best des
Here r= 10%=0.1
n =4 year
C = 4392.3 tk
We know,
C = p( 1+r)n
=> 4392.30 =p (1+0.1)4
=> p = 4392.30/ 1.4641
=>p = 3000
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