A woman's basic salary for her first year with a particular company is $$$\$ 30000$$$ and at the end of the year she also gets a bonus of $$$\$ 600$$$. Express the bonus she will be paid at the end of her 24th year as a percentage of the basic salary paid during that year. ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................ ........................................................................................................................................................

Mathematics

IGCSE&ALevel

CAIE

Exam No：9709_m20_qp_12 Year：2020 Question No：8(b)

Answer:

Bonus $=600+23 \times 100=2900$
Salary $=30000 \times 1.03^{23}$
$=59207.60$
$\frac{\text { their } 2900}{\text { their } 59200}$
$4.9(0) \%$

Knowledge points:

1.6.2 recognise arithmetic and geometric progressions

1.6.3 use the formulae for the nth term and for the sum of the first n terms to solve problems involving arithmetic or geometric progressions (Including knowledge that numbers a,b,c are 'in arithmetic progression' if 2 b=a+c (or equivalent) and are 'in geometric progression' if (or equivalent) (Questions may involve more than one progression.)

Answer:

Knowledge points:

Solution:

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