Question

Ajay just accepted a job at a new company where he will make an annual salary of

$41000. Ajay was told that for each year he stays with the company, he will be given a
salary raise of $3000. How much would Ajay make as a salary after 3 years working
for the company? What would be his salary after t years?
Salary after 3 years:
Salary after t years:

Answer 1

Ajay would make a salary of $50,000 after 3 years working for the company. The formula to calculate his salary after any number of years is New Salary = Base Salary + (Salary Raise * Number of Years).

Step-by-step explanation:

Ajay's salary after 3 years can be calculated using the formula:

New Salary = Base Salary + (Salary Raise * Number of Years)

Plugging in the values given:

New Salary = $41,000 + ($3,000 * 3)

New Salary = $41,000 + $9,000

New Salary = $50,000

To find Ajay's salary after t years, the formula would be:

New Salary = Base Salary + (Salary Raise * t)