Vibhor joined as an area manager of Quick Corporation in the pay scale of ` 12,000 – 500 – 18,500. Minimum how many years he has to work in the corporation to avail the salary ` 18,500 per month?
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Given : Vibhor joined as an area manager of Quick Corporation in the pay scale of ` 12,000 – 500 – 18,500
To Find : Minimum how many years he has to work in the corporation to avail the salary ` 18,500 per month?
Solution:
12,000 – 500 – 18,500
Basic start Pay = 12500 per month
Increment every year = 500
Salary increased in n years = 500n
Salary after working work n years = 12500 + 500n
12500 + 500n = 18,500
=> 500n = 6,000
=> n = 12
After 12 years of working he can avail salary ` 18,500 per month
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