Final answer:
To determine the total earnings over five years with a starting salary of Birr 50,000 and an annual raise of Birr 2,000, we sum the salaries from each year, resulting in a total of Birr 270,000 earned over the period.
Step-by-step explanation:
The question asks how much would be earned over the first five years at a company offering a starting annual salary of Birr 50,000 with a guaranteed raise of Birr 2,000 each year. To calculate the total earnings over five years, we need to sum up the annual salaries for each of those years.
Starting salary in year 1: Birr 50,000
Year 2 salary (with raise): Birr 50,000 + Birr 2,000 = Birr 52,000
Year 3 salary (with raise): Birr 52,000 + Birr 2,000 = Birr 54,000
Year 4 salary (with raise): Birr 54,000 + Birr 2,000 = Birr 56,000
Year 5 salary (with raise): Birr 56,000 + Birr 2,000 = Birr 58,000
Adding these figures gives the total earnings over five years:
Birr 50,000 + Birr 52,000 + Birr 54,000 + Birr 56,000 + Birr 58,000 = Birr 270,000.
This is the total amount the applicant would earn over the first five years at the firm.