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The salary of a man is increased by 20% at the end of the first year of his service and by 15% at the end of the second year of his service. If his initial salary was Rs. 10000, then what will be his salary at the end of the second year?Choices:- 12800 14000 13800 13000

Question

The salary of a man is increased by 20% at the end of the first year of his service and by 15% at the end of the second year of his service. If his initial salary was Rs. 10000, then what will be his salary at the end of the second year?Choices:- 12800 14000 13800 13000

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Solution

To solve this problem, we need to apply the percentage increase to the salary for each year.

Step 1: Calculate the salary after the first year. The salary is increased by 20%, so we multiply the initial salary by 1.20 (which represents a 100% of the original salary plus the 20% increase).

10000 * 1.20 = 12000

So, the salary after the first year is Rs. 12000.

Step 2: Calculate the salary after the second year. The salary is increased by 15%, so we multiply the salary after the first year by 1.15 (which represents a 100% of the salary after the first year plus the 15% increase).

12000 * 1.15 = 13800

So, the salary after the second year is Rs. 13800.

Therefore, the correct answer is Rs. 13800.

This problem has been solved

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