Suresh starts working as a analyst on an annual salary of Rs. 160000. If he receives a 15% pay-rise each year, the number of years he has worked for the company, when his annual salary became Rs. 279841 is

From the given data in the question, 279841 = 160000 x 1 + 15 100 t 279841 160000 = 115 100 t t = 4 years.

Correct Answer: 4 yrs

Explanation:

From the given data in the question,

$279841 = 160000 x 1 + \frac{15}{100} t \frac{279841}{160000} = \frac{115}{100} t$

t = 4 years.

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