Free Microsoft Excel 2013 Quick Reference

# salary calculation

Dears,

I want to develop a salary calculator based of basic salary, length of service & fixed annual increment.

example:

I have a candidate holding an MBA degree & the basic salary for MBA holders is USD 2000. if he has 5 years experience. I want a formula that calculate the basic salary form him considering annual increment to be 12%. to make it easier to you,

attracting candidate has 1year experience
= 2000 + %12(2000) = USD 2240

attracting candidate has 2year experience
= 2240 + %12(2240) = USD 2508.8

attracting candidate has 3year experience
=2508.8 + %12(2508.8) = USD 2809.85

etc...

Is there any solution for this so I can enter the number of years & the basic salary only?

thanks in advanced.

regards,

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