Well since there is five people the answer is 40$.
Answer:
Step-by-step explanation:
Each successive year, he
earned a 5% raise. It means that the salary is increasing in geometric progression. The formula for determining the nth term of a geometric progression is expressed as
Tn = ar^(n - 1)
Where
a represents the first term of the sequence(amount earned in the first year).
r represents the common ratio.
n represents the number of terms(years).
From the information given,
a = $32,000
r = 1 + 5/100 = 1.05
n = 20 years
The amount earned in his 20th year, T20 is
T20 = 32000 × 1.05^(20 - 1)
T20 = 32000 × 1.05^(19)
T20 = $80862.4
To determine the his total
earnings over the 20-year period, we would apply the formula for determining the sum of n terms, Sn of a geometric sequence which is expressed as
Sn = (ar^n - 1)/(r - 1)
Therefore, the sum of the first 20 terms, S20 is
S20 = (32000 × 1.05^(20) - 1)/1.05 - 1
S20 = (32000 × 1.653)/0.05
S20 = $1057920
Answer:
$7.7
Step-by-step explanation:
Hello, I can help you with this
you can solve this by using a simple rule of three.
Step 1
define
if the wholesale price for a shirt is $5.50,it is 100 percent
$5.50⇔100%
the new price(x) is 40% more than the original, it means 140%
x ⇔ 140%
the relation is
Step 2
solve for x(isolate x)
the price of the shirt in the department store is $7.7
Have a nice day.
