SOLUTION: Jan has been offered a job that promises a salary package represented by the function S(t)=38,000(1.055)^T where t is the number of years worked. A) what is her starting salary?

Algebra ->  Functions -> SOLUTION: Jan has been offered a job that promises a salary package represented by the function S(t)=38,000(1.055)^T where t is the number of years worked. A) what is her starting salary?       Log On


   

Question 77344: Jan has been offered a job that promises a salary package represented by the function S(t)=38,000(1.055)^T where t is the number of years worked.
A) what is her starting salary?
B) Evaluate S(3) and explain its meeting.
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
Her starting salary will be when t=0. So evaluate S(0)
s%280%29=38000%281.055%29%5E0
s%280%29=38000%281%29
s%280%29=38000
So her starting salary is $38,000
S(3) is her salary at 3 years (if t is in years)
s%283%29=38000%281.055%29%5E3
s%283%29=38000%281.174%29
s%283%29=44612
So her starting salary at 3 years is $44,612