CAT 2024 - Slot 3 Quant Question 22
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CAT 2024 Slot 3 - Quant
We are told that there was two successive increments in the salary, with the second increment percentage twice the first one.
Total Increment was 187.5%.
Drawing up the equation
(1 + z) (1 + 2z) = 1.875
1 + 3z + 2z2 = 1.875
2z2 + 3z – 0.875
z = 0.25
Answer is 25%.