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

128500

Explanation:

This is an arithmetic sequence with a common difference of 3500

The formula for an arithmetic sequence is

an = a1+d(n-1) where a1 is the first term and d is the common difference

an = 48000+ 3500(n-1)

We want n = 24

a24 = 48000+3500(24-1)

= 48000+3500(23)

=48000+80500

=128500