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Mr Shamin’s salary increase every year by 10% in june. If there is no other increase or reduction in the salary and his salary in June 2011 was rs 22,385, what was his salary in June 2009 ?

rs 18,650
rs 18,000
rs 19,250
rs 18,500
Explanation:

Here, the salary is compounded every year.
Let salary be x.
22385=x(1+.1)^2 x=18,500
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Mr Shamin’s salary increase every year by 10% in june. If there is no other increase or reduction in the salary and his salary in June 2011 was rs 22,385, what was his salary in June 2009 ?

Answer
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