IDNLearn.com is the place where your questions are met with thoughtful and precise answers. Discover prompt and accurate responses from our experts, ensuring you get the information you need quickly.
Answer:
the new monthly salary after both increase is 1,788.37
Step-by-step explanation:
The monthly salary is 1,622.31
There is an increase of 3.8%
So, the salary after first increase is
= 1,622.31 × (1 + 3.8%)
= 1,683.96
Now there is a second increase of 6.2%, so the salary after second increase is
= 1,683.96 × (1 + 6.2%)
= 1,788.37
Hence, the new monthly salary after both increase is 1,788.37