Question

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?​

Answer 1

• 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