133k views
3 votes
Sione just landed a great job as an engineer where he will make $55,000 a year. The company he will work for guarantees a 3% pay increase each year so it's employees' salaries keep up with inflation. At the end of the 1st year Sione will have made $55,000 dollars. What is the recursive function that will represent this situation?​

1 Answer

7 votes

Answer:

  • s(x) = 55000*1.03^x

Explanation:

First year salary

  • $55000

Annual pay rise

  • 3% ⇔ 1.03 times

Functional relationship

It is going to be an exponential function as every year salary will increase 1.03 times

  • s(x) = 55000*1.03^x, where s- salary and x- number of employment years
User Purnil Soni
by
8.2k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories