Answer: The correct option is C
Step-by-step explanation:
You begin a job with an annual salary of $32,900
Each year you are assured of a 5.5%. If you get the same amount each year, that is a 100% payment. It is neither reducing nor increasing. But with an increase of 5.5% each year, it means you are getting (100+5.5)% each year. This equals 105.5%. So for each year, you get 105.5% of the previous year.
This is a geometric progression. To determine the total amount that you can earn in 15 years, we will find the sum of 15 terms, S15 of the series. The formula for sum of the nth term of a geometric progression is expressed as
Sn = [a(r^n - 1)] / r - 1
Where
Sn = sum of the nth terms of the series
a = the first term(salary of the first year
r = common ratio
n = number of years.
From the question,
a = 32900
n = 15
r = 105.5/100 = 1.055
S15 = [32900(1.055^15 - 1)] / 1.055 - 1
S15 = [32900(2.23247649224 - 1)] / 0.055
S15 = [32900 × 1.23247649224] / 0.055
S15 = $737245
Answer:
What are the choices?
Step-by-step explanation:
Umm kid u forgot to put in like -, +, or x, or at least /
but here are the answers, if its addition the answer is 1/4, if its subtraction answer is -19/4 but if u simplify it to mixed fraction answer would be -4 3/4, if its multiplication answer would be -45/8 but simplify that and it would be -5 5/8, if its division answer would be -9/10 hope this helps
Answer:
35%
Step-by-step explanation:
total: 20
read more that 4: 7
7/20 converted into percent is 35/100 = 35%
Answer:
The answer is A (Two squares)
Step-by-step explanation:
Any give square will have proportionate side lengths,as they are the same, meaning that if you dilute one square it will always be proportinate