SOLUTION: Mia takes a job with a starting salary of $40,000 for the first year. She earns a 3% increase each year. Write an equation for the partial sum of the geometric sequence used

Algebra ->  Formulas -> SOLUTION: Mia takes a job with a starting salary of $40,000 for the first year. She earns a 3% increase each year. Write an equation for the partial sum of the geometric sequence used       Log On


   



Question 1069360: Mia takes a job with a starting salary of
$40,000 for the first year. She earns a 3%
increase each year. Write an equation for the
partial sum of the geometric sequence used to
model the situation and explain what an, n, Sn,
and r represent (use a_n to represent an).

Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
40,000(1+0.03)^t where t is the time. For example, do you want to know how much she will be making in 5 years? Then t=5
:
John