Question

An Oil and Gas Company offers a position to Amirul with the starting salary of
RM54,000
per year and annual increment of
15%.
(a) Find his salary of fifth years.

Answer 1

$\text{A 15 percent increase in salary is equivalent to multiplying by 1.15:}$

$\text {then } S_5 = S*1.15^5 \text{where }S \text{ starting salary}$

$S_5 = 54000*1.15^5\approx108613$

Answer: RM108,613