Question

Mr Mensah starts a job with an annual salary of 6400.00 which increases by 240.00 every year, find
a) Mr Mensah's salary in the 18th year
b) Mr Mensah's salary after 20 years

Answer 1

11,680 and 12,960

Answer 2

a) Mr Mensah's salary in the 18th year = 6400 + (240 x 17) = 11,680

b) Mr Mensah's salary after 20 years = 6400 + (240 x 19) = 12,960