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Doss [256]
3 years ago
9

Deshawn is in his fifth year of employment as a patrol officer for the metro police. his salary for his first year of employment

was $47,000. each year after the first, his salary increased by 4% of his salary the previous year. part a what is the sum of deshawn's salaries for his first five years of service?
Business
2 answers:
mart [117]3 years ago
7 0

ANSWER: $254,567.14

EXPLANATION: Deshawn was in his 1st year of employment when he was paid $47,000. In his 2nd year, his salary increment was by 4% which was $ 1,880. So, the total salary for 2nd year was $48,880. His third year increment was 4% of $48,880, which was $1,955.20. The 3rd year's salary was $50,835.20. Deshawn got the fourth increment in his 4th year which was by $2,033.40. His 4th year salary stood at $52,868.60. The fifth year's salary was again increased by 4% and the amount by which it increased was $2,114.74. The net salary at the end of 5th year came to $54,983.34

Now, adding all the salaries he earned in the 5 years, the calculation will be $47,000 + $48,880 + $50,835.20 + $52,868.60 + $54,983.34 = $254,567.14

Vlad1618 [11]3 years ago
6 0
The sum of Deshawn's salaries for his first five years of service is $254,567.
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Answer:

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In this instance

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3 years ago
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A company issued 5-year, 7% bonds with a par value of $500,000. The market rate when the bonds were issued was 6.5%. The company
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Answer:

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=  $17,500 - $500

= $17,000.

4 0
2 years ago
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