Answer:
The sum of 5 year salary is $53,00,000.
Explanation:
Given : Wen takes a job with a starting salary of $100,000 for the first year. She earns a 3% increase each year.
To find : What does
represent?
Solution :
We have to find the sum of 5 year salaries
We apply geometric series sum formula,

Where,
is the initial or first number,
we have given
r is the common ratio,
We have given she earns a 3% increase each year = 1+0.03=1.03
r=1.03
n is the number of terms,
n=5
Substitute the value in the formula,
Therefore, The sum of 5 year salary is $53,00,000.