Question

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.

Answer 1

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

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.