SOLUTION: Architect Cristobal made $35,000 during the first year of his job. Each year, he received a 20% raise. What were his total earnings during the first ten years on the job?

Question 1186210: Architect Cristobal made $35,000 during the first year of his job. Each year, he received a 20% raise. What were his total earnings during the first ten years on the job?
Answer by ikleyn(52817) (Show Source): You can put this solution on YOUR website!
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Architect Cristobal made $35,000 during the first year of his job.
Each year, he received a 20% raise. What were his total earnings during the first ten years on the job?
~~~~~~~~~~~~~~~~~~~~~~~~~

The sum of the first ten terms of the geometric progression with the first term of   = 35000
and the common ratio of  r = 1.2


    Sum =  =  = 908553.87.


ANSWER.  $908,553.87.

Solved.

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