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Post-UTME Mathematics 2013 Objective — Question 4

Question 4 of 100 from the Post-UTME Screening (Post-UTME) Mathematics 2013 Objective paper, with the correct answer and a full explanation.

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A worker's present salary is N24,000 per annum. His annual increment is 10% of his salary. What would be his annual salary at the beginning of the third year?

  • A. N28,800
  • B. N29,040Correct
  • C. N31,200
  • D. N31,944

Explanation

24000 × (1.10)² = 24000 × 1.21 = N29,040.

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