Wen takes a job with a starting salary of $100,000 for the first year. She earns a 3% increase each year. What does S5 represent?

Question

Mathematics

Skyla Kirby

26 October, 08:39

Wen takes a job with a starting salary of $100,000 for the first year. She earns a 3% increase each year. What does S5 represent?

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Answers (1)

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Yadira Oconnell · Answer 1

I'm assuming S5 is the salary after 5 years? you should include that when asking a question.

y = years

S = Salary after y years

equation:

S (y) = 100,000 (1.03) ^y

S (5) = 100,000 (1.03) ^5

S (5) = 115,927.41