SOLUTION: (Could you help me solve this problem, I'm not sure Is it use a(1+r)^1-r formula? 20. Salary, Juan has taken a job with an initial salary of $26,000 and annual raises of $1250.

Question 185728This question is from textbook Arithmetic Sequences and Series
: (Could you help me solve this problem, I'm not sure Is it use a(1+r)^1-r formula?
20. Salary, Juan has taken a job with an initial salary of $26,000 and annual raises of $1250.
a. What will his salary be in his 6th year?
b. How much money in total will Juan have earned after six year?
thanks for your help. This question is from textbook Arithmetic Sequences and Series

Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
26,000+5*1,250
26,000+6,250=$32,250 is Juan's salary in the 6th year.
26,000+1,250=27,250
27,250+1,250=28,500
28,500+1,250=29,750
29,750+1,250=31,000
31,000+1,250=32,250
Total salary=26,000+27,250+28,500+29,750+31,000+32,250=$174,750 total 6 year salary.

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