SOLUTION: Mookie just started a new job. The job pays $24,000 for the first year, with guaranteed raises of $3,000 each year. How much should he earn after 8 years?

SOLUTION: Mookie just started a new job. The job pays $24,000 for the first year, with guaranteed raises of $3,000 each year. How much should he earn after 8 years?

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Question 842055: Mookie just started a new job. The job pays $24,000 for the first year, with guaranteed raises of $3,000 each year. How much should he earn after 8 years?
Answer by TheInstructor(29) (Show Source): You can put this solution on YOUR website!
Hey!
a= 24,0000 (First Number)
d = 3,000 (Common Difference)
n = 8 ( Number of Years)
Sn = n/2 x(2a + (n-1)d)
S8 = 8/2 x(48,000+ (8-1).3000)
S8 = 276,000
Hope this helps!

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