A company offers two salary packages to a new employee

MATHEMATICS · Subjective · CBSE · Mathematics · Arithmetic Progressions · Arithmetic Progressions

Problem

A company offers two salary packages to a new employee. Package A: A starting salary of Rs 18 000 per month with a fixed increment of Rs 800 every month. Package B: A starting salary of Rs 16 500 per month with a fixed increment of Rs 1 050 every month. Answer the following: (a) In which month will the monthly salary under both packages become equal? (b) For that month, calculate the total salary received from the date of joining under each package. (c) If the employee plans to stay for exactly one year (12 months), which package will give the higher total salary and by how much?

Related theory

Browse the problem library