His increments each year were
0,x,2x,3x,4x, summing to 10x
So, 10x = (32400-6000)/5
0,x,2x,3x,4x, summing to 10x
So, 10x = (32400-6000)/5
The total increment can be calculated by subtracting the initial salary from the total earnings over five years:
Total Increment = Total Earnings - Initial Salary
= £32,400 - £6,000
= £26,400
To find the annual increment, we divide the total increment by the number of years:
Annual Increment = Total Increment / Number of Years
= £26,400 / 5
= £5,280
Therefore, the annual increment received by the employee is £5,280.
The ending salary can be calculated by adding the total earnings to the starting salary. In this case, the total earnings are given as £32,400, and the starting salary is £6,000.
Ending Salary = Starting Salary + Total Earnings
Ending Salary = £6,000 + £32,400
Ending Salary = £38,400
Now, we can calculate the annual increment.
Annual Increment = (Ending Salary - Starting Salary) / Number of Years
Number of Years = 5
Annual Increment = (£38,400 - £6,000) / 5
Annual Increment = £32,400 / 5
Annual Increment = £6,480
Therefore, the employee's annual increment is £6,480.