Question
Download Solution PDFMr. Shamin's salary increases every year by 10% in June. If there is no other increase or reduction in the salary and his salary in June
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Salary in June 2024 = ₹22,385
Annual increase rate = 10%
Time (t) = 2 years
Formula used:
A = P(1 + r/100)t
Where,
A = Amount (Salary in June 2024)
P = Principal (Salary in June 2022)
r = Rate (10%)
t = Time (2 years)
Calculation:
22,385 = P(1 + 10/100)2
⇒ 22,385 = P(1 + 0.1)2
⇒ 22,385 = P(1.1)2
⇒ 22,385 = P(1.21)
⇒ P = 22,385 / 1.21
⇒ P = 18,500
∴ The correct answer is option (4).
Last updated on May 21, 2025
->The CSIR Junior Secretariat Assistant Provisional Response Sheet has been released on 21st May 2025 at the official website.
-> The CSIR Junior Secretariat Assistant Notification 2025 written examination dates has been released for Advt No. CRRI/02/PC/JSA-JST/2025.
-> Candidates had applied online from 22nd March to 21st April 2025.
-> The CSIR JSA salary ranges from INR 19,900 - INR 63,200 (Indian Institute of Petroleum, Dehradun) and INR 35,600 (Indian Institute of Toxicology Research).
-> The selection of candidates for this post will be based on a Written Exam, followed by a Computer Typing Test.
-> Prepare for the exam with CSIR Junior Secretariat Assistant Previous Year Papers.