Question

Ryan just got hired for a new job and will make $48,000 in his first year. Ryan was

told that he can expect to get raises of $3,500 every year going forward. How much
money in salary would Ryan make in his 24th year working at this job?

Answer 1

$128,500

Explanation:

Find out how much he will earn from his 1st year to 24th.

1st year = 48000

2nd year = 48000 + 3500 = 51500

3rd year = 51500 + 3500 = 55000

4th year = 55000 + 3500 = 58500

5th year = 58500 + 3500 = 62000

6th year = 62000 + 3500 = 65500

7th year = 65500 + 3500 = 69000

8th year = 69000 + 3500 = 72500

9th year = 72500 + 3500 = 76000

10th year = 76000 + 3500 = 79500

11th year = 79500 + 3500 = 83000

12th year = 83000 + 3500 = 86500

13th year = 86500 + 3500 = 90000

14th year = 90000 + 3500 = 93500

15th year = 93500 + 3500 = 97000

16th year = 97000 + 3500 = 100500

17th year = 100500 + 3500 = 104000

18th year = 104000 + 3500 = 107500

19th year = 107500 + 3500 = 111000

20th year = 111000 + 3500 = 114500

21st year = 114500 + 3500 = 118000

22nd year = 118000 + 3500 = 121500

23rd year = 121500 + 3500 = 125000

24th year = 125000 + 3500 = 128500