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Awuor's annual salary in the 11th year was Kshs. 288,000, and her initial salary was Kshs. 180,000. Determine her annual increment.
Mathematics
ScanSolve AI Answer
a) Given that Awuor's annual salary in the 11th year was Kshs. 288,000, determine:
i) Her annual increment.
We use the formula for compound growth, , where is the salary in the -th year, is the initial salary, and is the annual percentage increment.
Given:
Initial salary,
Salary in the 11th year, $A
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