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ps-salary

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Senior Manager
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Joined: 30 Aug 2003
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Location: dallas , tx
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ps-salary [#permalink] New post 15 May 2004, 15:34
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joan started work 2 year ago. Her starting salary was 1/2 of mike's salary at that time. Each year since then joan has recieved a raise of 5% in her salary and mike has received a raise of 10% in his salary.what percentage (to the nearest) of mike's current salary is joan's current salary?

45
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220

Show working pls.
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shubhangi

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Re: ps-salary [#permalink] New post 15 May 2004, 16:26
shubhangi wrote:
joan started work 2 year ago. Her starting salary was 1/2 of mike's salary at that time. Each year since then joan has recieved a raise of 5% in her salary and mike has received a raise of 10% in his salary.what percentage (to the nearest) of mike's current salary is joan's current salary?

45
46
48
50
220

Show working pls.


lets, 2 years ago Joan's salary was x, Mike's 2x
in two years Joan's Mikes salary respectively= 1.05*1.05x & 1.1*(1.1*1.1*2x)

Therefore
Mike: Joan::*(1.1*1.1*2x)/1.05*1.05x
Re: ps-salary   [#permalink] 15 May 2004, 16:26
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