Question

Suppose you are offered a job with a relatively low starting salary but with a $1000 raise for each of the next 9 years. How much more than your starting salary would you be making in the tenth year?

Answer 1

Answer:9000

Explanation:

Given

Annual Raise =$ 1000

Time t=9 years

Let a be the initial salary

salary is growing in Arithmetic Progression

here common difference is d=1000

therefore salary after 9 th year i.e. salary of 10 th year is

`a_9=a+(10-1)d`

`a_9=a+9* 1000`

initial salary is a

difference in salary is
`=a_9-a`

`=a+9* 1000-a`

`=9* 1000=9000`

so he will be earning $ 9000 more than initial salary