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Rate Compounded Anually or Half-Yearly

A worker rece...

Question

A worker receives $11, 250$ as bonus, which is $15$ % of his annual salary. What is his monthly salary?

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Solution

Let his annual salary be $R s . x$
$15 % \times x = 11250 ⟹ x = 75, 000$
Annual salary $= R s .75, 000$ .
Monthly salary $= (1 / 12) \times 75, 000 = R s .6, 250$ .

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