Question

You were recently hired by a company and will receive a starting salary of $45,000 per year. You will receive a $2,500 raise each year you are with the company. How much money will you earn altogether in the first 6 years?

Answer 1

307,500

Explanation:

a6 = 42,500+2,500⁢(6) (Substitute n = 6 in equation I.)a6 = 57,500Sn = n⁡(a1+an2) (Use the formula to find the sum of the first n terms.)S6 = 6⁢(45,000+57,5002) (Substitute n = 6.)

Answer 2

60,000

Explanation:

So if you make 45,000 a year and you get a 2,500 raise all you need to do is add 45,000 and 2,500. Your answer for the first year is 47,500. Then you add another 2,500 to 47,500 which you will get 50,000 for your second year. The third year process is the same which is 52,500. You do this process until you get to the sixth year.