In 2001 the salaries of Gitonga and Cherop were sh.252000 per annum and sh.216000 per annum respectively. Their employers decided to increase their salaries as follows. Gitonga’s...

      

In 2001 the salaries of Gitonga and Cherop were sh.252000 per annum and sh.216000 per annum respectively. Their
employers decided to increase their salaries as follows.
Gitonga’s employer decided to give him fixed annual increments throughout his employment period, with first
increment in January 2002.Cherop’s employer decided to give her increments of 8% compounded annually throughout her employment period with the first increment in January 2002.
a) If Gitonga annual salary in 2009 was sh.346080, calculate his annual increment.
b) How much money in total did Gitonga earn from is salaries from 1st January 2001 to 31st December 2009 ?
c) Determine Cherop’s monthly salary of August 2009.
d) How much money in total did Cherop earn from her salaries from 1st January 2001 to 31st December 2009.
e) Determine the difference between Gitonga’s and Cherop’s average yearly earnings from 1st January 2001 to 31st
December 2009.

  

Answers

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sharon kalunda answered the question on May 9, 2019 at 08:20

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