Answer:
$68,000.
Sum of salaries in the first ten years:
.
Explanation:
Start by considering the salary for the first few years:
.
Observe the trend in annual salary. The salary on the nth year will be equal to
. The salary on the 10th year will thus be equal to
.
The sum of the salaries for the first ten years will be:
.
This series is arithmetic:
.
- First term:
; - Last term:
; - Number of terms:
.
Evaluate this expression using the formula for the sum of an arithmetic series:
