Question

Ajob applicant finds that afirm offers a starting annual Salary of Birt 50.000 With a guaranteed raise of Birr 2.000 How much would be earned at the firm over the first layears A. 388,000 B. 340,000 C, 450,000 3.560,000​

Answer 1

The total earnings of the job applicant over 5 years would be Birr 270,000.

The total earnings of the job applicant over 5 years can be calculated by adding the earnings for each year. The starting salary is Birr 50,000 and there is a guaranteed raise of Birr 2,000 each year. Therefore, the earnings for each year are:

Year 1: Birr 50,000

Year 2: Birr 52,000

Year 3: Birr 54,000

Year 4: Birr 56,000

Year 5: Birr 58,000

Adding these earnings, we get:

Birr 50,000 + Birr 52,000 + Birr 54,000 + Birr 56,000 + Birr 58,000 = Birr 270,000

Therefore, the total earnings of the job applicant over 5 years would be Birr 270,000.

Complete question:

A job applicant receives a Birr 50,000 starting salary with a yearly Birr 2,000 raise. What will their total earnings be over 5 years (options: A) Birr 388,000, B) Birr 340,000, C) Birr 450,000, D) Birr 270,000?