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Amana was paid an initial salary of ksh 180,000 per annum with a fixed annual increment.Bundi was paid an initial salary of ksh150,000per annum with 10% increment compounded annually.
(a) Given that Amana’s annual salary in the #11^(th# year was ksh 288,000,determine:
(i) His annual increment
(ii) The total amount of money Amaya
earned during the 11 years.
(b) Determine Bundi’s monthly earnings ,correct to the nearest shillings ,during the eleventh year.
(c) Determine,correct to the nearest shillings:
(i) The total amount money Bundi earned the 11 year.
(ii) The difference between Bundi’s and Amaya’s
average monthly earnings during the 11 years.