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Steven and Stuart took a job in different companies at the same time. Steven’s salary increased by a fixed amount at the

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by VJesus12 » Sat Oct 16, 2021 4:54 am

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Steven and Stuart took a job in different companies at the same time. Steven’s salary increased by a fixed amount at the end of every year and Stuart’s salary increased by a fixed percentage at the end of every year. If the increase in the salary of Steven at the end of the third year was equal to the increase in the salary Stuart at the end of the second year, what was the difference in the salaries of Steven and Stuart when they took the job?

(1) Steven’s salary after \(2\) years was \(20\%\) more than the salary at which he took the job.

(2) The increase in the salary Stuart at the end of the second year was \(11\%\) of the salary at which he took the job.

Answer: E

Source: e-GMAT
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