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Initial salary = $50,000 .
Rate of raise = 5% each year.
Therefore, each next year salary would be 105% that is 1.05 times.
5% of 50,000 = 0.05 × 50000 = 2500.
Therefore raise is $2500 each year.
According to geometric sequence first term 50000 and common ratio 1.05.
Applying geometric sequence formula
1)
2) In order to find salary in 5 years we need to plug n=5, we get
= 50000(1.21550625)
<h3>=$60775.3125.</h3>3) In order to find the total salary in 10 years we need to apply sum of 10 terms formula of a geometric sequence.
Plugging n=10, a = 50000 and r= 1.05.
= 628894.62678.
<h3>Therefore , you will have earned $ 628894.62678 in total salary by the end of your 10th year.</h3>Check the picture below.
let's recall that the midsegment of a triangle is the segment that's half-way to both endsides and is at the same time parallel to the 3rd side, is also half the length of the parallel side, so-called the base.
so, for example, we know L, M and N are midpoints to each segment, that means that LM is a midsegment and parallel to PR and also half the length of PR, same is true for LN and MN.
