Solve for x. PLEASE SHOW WORK
1 answer:
You might be interested in
9514 1404 393
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.
___
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.
A line are two rays in opposite directions and go on forever, and a point is a location on any type of line segment or shape ( see pictures for examples)
