A person received a yearly salary hike of 15%, 20%, and 25% in 3 successive years. What is the total salary of the person after 3 years if his initial salary was Rs. 20,000?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 34,500.
Salary after 3 years = 20000 × (115/100) × (120/100) × (125/100) = 34500