Question

Two years ago, when a Publication House increased the monthly employees by 10%, an employee started to draw Rs 23,100 per month. Again, the Publication House increased the salary by 20% last year. Calculate the increased amount of monthly salary of the employee in two years.​

Answer 1

the monthly salary increased by Rs 4,620 over that two year period.

How to get the total increased amount for the monthly salary?

We know that first there is a 10% increase, such that after that, the monthly salary was Rs 23,100 per month.

In if the initial monthly salary was M, we must have:

M*(1 + 10%/100%) = M*(1.1) = Rs 23,100

M = Rs 23,100/1.1 = Rs 21,000

Now, to the Rs 23,100 there is another 20% increase, then the final monthly salary will be:

Rs 23,100*(1 + 20%/100%) = Rs 23,100*1.2 = Rs27,720

Then the difference between the final monthly salary and the initial is:

difference =  Rs 27,720 - Rs 23,100 = Rs 4,620

This means that the monthly salary increased by Rs 4,620 over that two year period.

If you want to learn more about percentages:

brainly.com/question/843074

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