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Sivamani is attending an interview for a...

Sivamani is attending an interview for a job and the company gave two offers to him Offer A: ₹20,000 to start with followed by a guaranted annual increase of 6% for the first 5 years.
Offer B: ₹22,000 to start with followed by a guaranteed annual increase of 3% for the first 5 years.
what is this salary in the 4th year with respect to the Offer A and B?

Text Solution

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The correct Answer is:
4th year salay for A = Rs 23820 nad 4th year salary for B = Rs 24040.
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