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The salary of an employee of a company i...

The salary of an employee of a company increases every month by 4%.If his salary in August was X 6300,then what would be his approximate salary in month of October of the same year?

A

X 6552

B

X 6967

C

X 6814

D

X 6627

Text Solution

AI Generated Solution

The correct Answer is:
To find the approximate salary of the employee in October, we will calculate the salary for September first and then for October based on the 4% monthly increase. ### Step-by-Step Solution: 1. **Identify the salary in August**: The salary in August is given as \( X = 6300 \). 2. **Calculate the salary for September**: - The salary increases by 4% each month. - First, calculate 4% of 6300: \[ \text{4% of 6300} = \frac{4}{100} \times 6300 = 252 \] - Now, add this increase to the August salary to find the September salary: \[ \text{Salary in September} = 6300 + 252 = 6552 \] 3. **Calculate the salary for October**: - Now, calculate 4% of the September salary (6552): \[ \text{4% of 6552} = \frac{4}{100} \times 6552 = 262.08 \] - Add this increase to the September salary to find the October salary: \[ \text{Salary in October} = 6552 + 262.08 = 6814.08 \] 4. **Approximate the October salary**: - Since we need an approximate value, we can round 6814.08 to 6814. ### Final Answer: The approximate salary of the employee in October is **6814**. ---
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