Question

Suppose you just received a job offer with a starting salary of $37,000 per year and a guaranteed raise of $1500 per year. How many years will it be before you've made a total (or aggregate) salary of $1,025,000?

Answer 1

Based on the given description above, here is how we are going to solve it.
Let n be the number of years. So the equation will be like this.
37000n + 1500n = 1025000
Now let us solve for n.
38500n = 1025000 <<<divide by sides by 38500 and the result is
n=26.62
Therefore, it will take 26 years and 6 months before you made a total salary of 1,025,000 dollars. Hope that this answer helps.

Answer 2

Answer:

After 658.76 years salary will be $1025000

Step-by-step explanation:

You just received a job offer with a starting salary of $37,000 per year.

You got a guaranteed raise of $1500 per year.

We have to calculate the years when you have made a total salary of $1,025,000.

Let this salary can be obtained in n number of years.

Therefore, the equation that models this will be

1025000 = 37000 + 1500×n

1500n = 1025000 - 37000

150n = 988000

n = $\frac{988000}{1500}$

n = 658.67 years

Therefore, after 658.76 years salary will be $1025000