Question

A college graduate earns $38,500 his first year working. there is a flat increase of $3000 at the end of each of the first 4 years. after 5 years of employment, how much has the graduate earned, total?: *

Answer 1

After five years, considering the initial salary and a fixed annual increase for the first four years, the college graduate has earned a total of $219,500.

Step-by-step explanation:

The question asks us to calculate the total earnings of a college graduate over five years given an initial salary and a fixed annual increase for the first four years. To find the total amount earned, we sum the yearly earnings.

Yearly Earnings Calculation:

• 
  
• Year 1: $38,500 (initial salary)
• 
  
• Year 2: $38,500 + $3,000 = $41,500
• 
  
• Year 3: $41,500 + $3,000 = $44,500
• 
  
• Year 4: $44,500 + $3,000 = $47,500
• 
  
• Year 5: $47,500 (salary stays the same, as the increase only happens for the first 4 years)

The total earnings over five years are:

$38,500 + $41,500 + $44,500 + $47,500 + $47,500 = $219,500.

After five years of employment, the college graduate has earned $219,500 in total.

Answer 2

A college graduate with an initial salary of $38,500 and a yearly increase of $3,000 for the first four years would earn a total of $220,500 over five years.

Step-by-step explanation:

To calculate the total earnings of a college graduate over the first five years of employment, we start with the initial salary of $38,500 and add the increase in salary of $3,000 that occurs at the end of each of the first four years. The earnings for each year can be summed up as follows:

Year 1: $38,500

• ear 2: $38,500 + $3,000 = $41,500
• Year 3: $41,500 + $3,000 = $44,500
• Year 4: $44,500 + $3,000 = $47,500
• Year 5: $47,500 (no increase at end of year 4 since the question specifies increases for only the first four years)

Adding up all these amounts, we get a total of $220,500 earned over the five years.