It would be, 33%.
Hope this helps!
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>
Answer:i believe the answer is 12.4 here
Step-by-step explanation:
Answer:
see explanation
Step-by-step explanation:
6 × 24 ← replace 24 by 4 + 20
= 6(4 + 20) ← multiply each term in the parenthesis by 6
= 24 + 120
= 124
Subtract 8 from both sides
So you end up with x = -23