Question:
Harish started work at an annual salary of ₹ 5,00,000 and received an increment of ₹ 20,000 each year. After how many years did his income reach ₹ 7,00,000? [Page No. 186]
Answer:
Verified
Initial salary,
Yearly increment,
Required salary,
Using the term formula of A.P.:
Substitute the values:
So, the year's salary is ₹ 7,00,000.
That means after 10 years of increments his income reaches ₹ 7,00,000.