Aniruddha's salary increases at the rate of 10% per month. If his initial salary is Tk. 1,000, what will his salary amount to after 3 increments?
A
Tk.1,331
B
Tk. 1,248
C
Tk. 1,463
D
Tk. 1,300
Correct Answer: Tk.1,331
Aniruddha's salary increases at the rate of 10% per month, which means his salary after each increment will be 110% of his previous salary.After 1st increment, his salary will be: 1,000 + (10% of 1,000) = 1,100After 2nd increment, his salary will be: 1,100 + (10% of 1,100) = 1,210After 3rd increment, his salary will be: 1,210 + (10% of 1,210) = 1,331Therefore, Aniruddha's salary will amount to Tk. 1,331 after 3 increments