Correct option is A
Given:
Last year's monthly salary = Rs. 34,500
This year's monthly salary = Rs. 38,640
Formula Used:
Percentage Increase =
Solution:
Difference = New Salary - Old Salary
= 38,640 - 34,500
= 4,140
Percentage Increase = =
Answer: The percentage increase in Ranjan’s monthly salary is 12%.