Alexander was offered a job that paid a salary of $24,000 in its first year. The salary was set to increase by 4% per year every
1 answer:
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Answer:
$129,992
Step-by-step explanation:
The sum of a geometric series is given by ...
Sn = a1·(r^n -1)/(r -1)
Here, the first term is 24000, and the growth factor r is 1+4% = 1.04. The sum is then ...
S5 = 24000·(1.04^5 -1)/(1.04 -1) ≈ 129992
The total earned over 5 years was $129,992.
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A spreadsheet can list the annual salaries and add them up. The salary each year is 1.04 times that of the previous year. That is shown in the attachment.
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Answer:
Gym A
Step-by-step explanation:
A linear relationship is a relationship of the form y = mx + b, where y and x are the linear variables, m is the rate of change and b is the value of y when x = 0.
Gym A:
Let x represent the month and y represent the total cost for the gym. From the table, we can represent the values in the form (x, y) as (1,70), (2, 90) and (3, 110). We can find the relationship between x and y using the formula:
Gym B:
We can represent the values from the table as (1,55), (2, 80) and (3, 105). We can find the relationship between x and y using the formula:
Hence gym A would cost less ($250 < $280)
Use desmos graphing calculator
