Question

A househelp receives as salary of 36,000 a year with a contract of 250 annual increase for 7 years. What is his total income for 7 years? Show the solution

Answer 1

The total income is 257,250

Explanation:

The initial value of salary is 36,000 a year with an increase of 250 every year. Next is presented the salary table of each year:

Year Salary

1. 36,000
2. 36,250
3. 36,500
4. 36,750
5. 37,000
6. 37,250
7. 37,500

To have the total income you have to sum all the value of the seven years.

Total income = 36,000 + 36,250 + 36,500 + 36,750 + 37,000 + 37,250 + 37,500 = 257,250 is the total income for the 7 years.