Question

A function in terms of $t$ that represents the situation.

Your starting annual salary of $35,000 increases by
4% each year

Answer 1

A function that represents the situation is the future value of an investment formula.

Step-by-step explanation:

The future value formula is

FV = PV (1 + i)^n

Where:

FV = Future value

PV = The present value of the investment, in this case $35,000

i = interest rate, in this case 4% or 0.04

n = number of periods, information that we are not given

If we plug the amounts into the formula, we obtain the function

FV = 35,000 (1 + 0.04)^n