SOLUTION: A company offers a starting salary of $38,000 with raises of $2,000 per year. Find the total salary over a ten-year period.
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Question 689520: A company offers a starting salary of $38,000 with raises of $2,000 per year. Find the total salary over a ten-year period.
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let
Let
Let = total salary
---------------------
The first year is
The second year is
The third year is
Adding up the salary for years 1 through 10
(1)
and
The total salary over a ten year period is $470,000
---------------------------------
Formula (1) seems to work
The total salary over a thousand year period would be:
(1)
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