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The salary of an employee of a company increase every month by 4%. If his salary in August was ₹ 6300, then what would be his approximate salary in month of October of the same year ?
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- ₹ 6552
- ₹ 6967
- ₹ 6814
- ₹ 6627
- None of the above
Correct Option: C
Required salary in October
= 6300 x (104/100) x (104/100)
= 63 x 104 x 1.04
= ₹ 6814.08
≈ ₹ 6814
