Question

Justine earned $28,000 during the first year of her job at city hall. After each year she received a 6% raise. Find her total earnings during the first five years on the job.

Answer 1

Answer:

$ 157838.60  in 5 years

Step-by-step explanation:

r = 1.06

sum of geometric seq =  a1 ( 1-r^n)/(1-r)    n = 5

                                        28000 ( 1 - 1.06^5) / ( 1-1.06) = 157838.60