If the gross salary for first year is Rs. 45000 and an employee has two options to choose from for increment .Either he can opt for 4% yearly increase or Rs. 25000/- yearly increase on the gross salary. If an employee choose the first option, after how many years his salary will be more than the option two ?

• After 18 years
  if initial annual gross salary = Rs. 450000/-
  check when
  450000+25000*n = 450*(1+4/100)^n
• 11 years agoHelpfull: Yes(8) No(2)
• Pl. read gross salary for first year as Rs. 450000.
• 11 years agoHelpfull: Yes(1) No(3)
• 15 years.....
  4% increase means 1800 . so, increment would come in 14 years..
• 10 years agoHelpfull: Yes(1) No(2)