Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Percentages

Question:

The salary of an employee increases consistently by 20% every year. If his salary today is Rs. 14,000. What will be his salary after 3 years?

Options:

Rs.24,192

Rs.31,200

Rs.42,344

Rs.31,220

Correct Answer:

Rs.24,192

Explanation:

ATQ ,

Amount after 3 years = 14000 × \(\frac{120}{100}\) × \(\frac{120}{100}\) × \(\frac{120}{100}\)

= 14000 × \(\frac{6}{5}\) × \(\frac{6}{5}\) × \(\frac{6}{5}\)

=Rs 24192