Abhijit joins the department on November 10, 2006 in the pay scale of Rs. 18400-500-22400 with the pay of Rs.18400 plus 2 increments. What is his basic salary, after revision, on August 1, 2009?
Explanation:
As Abhijit already had two increments and during the given period he will get three increments.
Hence his salary on August 1, 2009
= (37400 + 10000)(1.03)5
= Rs. 54949.5
≈ Rs. 54950
Hence, option (c).
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