The salary of an employee of a company increases evey month by 4 If his salary in August was Rs 6300...........

Quant (SSC) Percentage

The salary of an employee of a company increases evey month by 4%. If his salary in August was Rs. 6300. What would be his approximate salary in month of October of the same year?

6552

6967

6814

6627

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Explanation:

To solve this question, we can apply a net% effect formula
Net% effect = x + y + xy/100
x = 4% for september increament
y = 4% for october increament
Now, apply the net% effect formula
= 4 + 4 + 4 x 4/100% = 8.16%
October month salary = (100 + 8.16)% of 6300
= 108.16 × 6300 /100 = 6814.08 ≈ 6814