The starting salary at a company is $42,000 per year. The company automatically gives a raise of 3% per year. Write the formula for the geometric sequence formed by the salary increase. Then determines the salary after 5 years.

Question

Mathematics

Peyton Heath

9 December, 20:02

The starting salary at a company is $42,000 per year. The company automatically gives a raise of 3% per year. Write the formula for the geometric sequence formed by the salary increase. Then determines the salary after 5 years.

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Answers (1)

Know the Answer?

Destinee Knapp · Answer 1

the answer is 48,300 dollars, 1,260 plus each year and 6,300 in five years

Step-by-step explanation:

((42,000/100) 3) 5

in other words divide the starting salary by a hundred, then multiply the amount raise per year. After that multiply your answer (1,260) times 5 to get the amount of five years then add it to the starting salary to see the total amount of money they have.