Question

Question 1

Answer 1

Answer:

Option (d)

Step-by-step explanation:

If the current salary of Sione is represented by the function m(t - 1),

Next year his salary m(t) gets hike of 3%.

So, the next year salary of Sione will be represented by,

m(t) = m(t - 1) + 3% of m(t - 1)

      = m(t - 1) + 0.03 × m(t - 1)

      = m(t - 1)(1 + 0.03)

      = 1.03m(t - 1)

Since, at the end of year 1 his salary was $55000,

Recursive function will be,

m(t) = 1.03m(t - 1) = 55000

Therefore, Option (d) will be the answer.