Salary of a person increased by 11.11% in the first year and 37.5% in

1.	Salary of a person increased by 11.11% in the first year and 37.5% in the second year. What is his approximate salary at the end of second year if his initial salary was Rs. 27,000.1. Rs. 30,0002. Rs. 37,1253. Rs. 41,2504. Rs. 4,1255. None of these
Answer» Correct Answer - Option 3 : Rs. 41,250 Given: Initial salary = Rs. 27,000 Percentage increase in first year = 11.11% = 1/9 Percentage increase in second year = 37.5% = 3/8 Calculations: New salary = 27,000 × (10/9) × (11/8) ⇒ Rs. 41,250 ∴ His approximate salary at the end of second year is Rs. 41,250.

Salary of a person increased by 11.11% in the first year and 37.5% in the second year. What is his approximate salary at the end of second year if his initial salary was Rs. 27,000.1. Rs. 30,0002. Rs. 37,1253. Rs. 41,2504. Rs. 4,1255. None of these

Answer» Correct Answer - Option 3 : Rs. 41,250

Given:

Initial salary = Rs. 27,000

Percentage increase in first year = 11.11% = 1/9

Percentage increase in second year = 37.5% = 3/8

Calculations:

New salary = 27,000 × (10/9) × (11/8)

⇒ Rs. 41,250

∴ His approximate salary at the end of second year is Rs. 41,250.