Question

Mr. Thomas earned $54,500 in his first year of teaching. Each year after that, he will receive $1,500 more than the previous year. How much money will Mr.Thomas earn in his 47th year of teaching?

Answer 1

Mr. Thomas will earn $123,500 in his 47th year of teaching.

Step-by-step explanation:

To find out how much money Mr. Thomas will earn in his 47th year of teaching, we can use the information given in the question. We know that Mr. Thomas earned $54,500 in his first year. Each year after that, he will receive $1,500 more than the previous year. Since Mr. Thomas has been teaching for 47 years, we can calculate his earnings using the formula:

Year 47 earnings = First year earnings + (Number of years - 1) * Annual raise

Substituting the values in the formula, we get:

• Year 47 earnings = $54,500 + (47 - 1) * $1,500
• Year 47 earnings = $54,500 + 46 * $1,500
• Year 47 earnings = $54,500 + $69,000
• Year 47 earnings = $123,500

Therefore, Mr. Thomas will earn $123,500 in his 47th year of teaching.