Part A
2 answers:
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Answer:
a). Geometric sequence
b).
c). $46945.21 will be the salary at the start of 5th year.
Step-by-step explanation:
My salary for the first year is $37185.
If I get an increase of 6% every year then the next year salary will be,
= $39416.1
Similarly in the second year my salary will be
= $41781.07
So the sequence becomes $37185, $39416.1 $41781.07.....
And there is a common ratio in each successive term 'r' = 1.06
a). Therefore, it's a geometric sequence.
b). Explicit formula for this sequence will be in the form of
Where t = duration in years
c). Salary at the start of 5th year,
= $46945.21
Answer:
simplifies to
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