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Question

The monthly salary of a school teacher in 2007 was 12,000 it was in increased by 10% in 2008 and again by 10% in 2009.. What is his salary in 2009?

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Solution

Given:
Salary of teacher in 2007=Rs.12000
10% of the salary is increased every year
then,
salary of teacher in 2008=10%ofRs.12000+Rs.12000
=1200+12000
=Rs.13200
therefore,
salary of teacher in 2009=10%ofRs.13200+Rs.132000
=1320+13200
=Rs.14520

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