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?

₹ 6552
₹ 6967
₹ 6814
₹ 6627

Correct Answer: ₹ 6814

Explanation:

Required salary in October
= 6300 x (104/100) x (104/100)
= 63 x 104 x 1.04
= ₹ 6814.08
≈ ₹ 6814

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