Main was paid an initial salary of Kshs 200,000 per annum with a fixed annual increment. John was paid an initial salary of Kshs 250,000 per...

Main was paid an initial salary of Kshs 200,000 per annum with a fixed annual increment. John was paid an initial salary of
Kshs 250,000 per annum with 50% increment compounded annually.
a) Given that Maina's annual salary is the 8th year was Kshs 298,000 determine
i) His annual increment.
ii) The total amount of money Maina earned during the 8 years.
b) Determine John's monthly earning, correct to the nearest shillings during the eight year.
c) Determine, correct to the nearest shilling
i) The total mount of money John earned during the 8 years.
ii) The difference between Maina's and John's average monthly earning during the 8 years.

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sharon kalunda answered the question on May 9, 2019 at 12:07

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