Question

Ainsley works for the owners of a bookstore. Her starting salary was 24,500, and she gets a 3% raise each year. Write an equation in function notation to represent subsidy’s salary as a function of the number of years she has been working at the bookstore.

Answer 1

Answer: A (t) = 24500 (1+0.03)^t

Explanation:

Hi, to answer this question we have to write a growth function:

A = P (1+r) ^t

Where:

A = amount after growth

P = initial amount

r = growth rate (in this case is yearly, since she gets a 3% raise each year)

t = years

Replacing with the values given:

The growth rate must be in decimal form (divided by 100)

A (t) = 24500 (1+3/100)^t

A (t) = 24500 (1+0.03)^t

Feel free to ask for more if needed or if you did not understand something .