Concept:The salaries form an arithmetic progression (AP) with first term ₹5,00,000 and common difference ₹15,000. The sum of the first n terms of an AP is given by Sn=2n[2a+(n−1)d].Explanation:First year salary a=5,00,000Annual increment d=15,000Number of years n=10Sum S10=210[2×5,00,000+(10−1)×15,000]=5[10,00,000+9×15,000]=5[10,00,000+1,35,000]=5×11,35,000=56,75,000Answer:₹ 56,75,000