Example 20. The monthly salary of a person was Rs. 320 for each of the first three years. He next got annual increments of Rs. 40 per month for each of the following successive 12 years. His Salary remained stationary till retirement when he found that his average monthly salary during the service period was Rs. 698. Find the period of his service.

Example 20. The monthly salary of a person was Rs. 320 for each of the first three years. He next got annual increments of Rs. 40 per month for each of the following successive 12 years. His Salary remained stationary till retirement when he found that his average monthly salary during the service period was Rs. 698. Find the period of his service.

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section6.1: Exponential Functions

Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...

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