George works at a job where he gets paid Rs 10 lakh/ year with an annual raise of Rs 1 lakh. He wants to quit his job and go for higher studies which would cost him Rs 15 lakhs in student loans and it would take 2 years to complete. Assuming he gets a new job after completing his higher studies, what must be his minimum average salary at the new job so that in three years he would be better off financially than he would be if he hadn't quit the job at all?

George works at a job where he gets paid Rs 10 lakh/ year with an annu

1.	George works at a job where he gets paid Rs 10 lakh/ year with an annual raise of Rs 1 lakh. He wants to quit his job and go for higher studies which would cost him Rs 15 lakhs in student loans and it would take 2 years to complete. Assuming he gets a new job after completing his higher studies, what must be his minimum average salary at the new job so that in three years he would be better off financially than he would be if he hadn't quit the job at all?
Answer» George works at a job where he gets paid Rs 10 lakh/ year with an annual raise of Rs 1 lakh. He wants to quit his job and go for higher studies which would cost him Rs 15 lakhs in student loans and it would take 2 years to complete. Assuming he gets a new job after completing his higher studies, what must be his minimum average salary at the new job so that in three years he would be better off financially than he would be if he hadn't quit the job at all?

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