Your salary in x years is modeled an the exponential growth
The equation that determines your salary in x years is y = 45000(1.05)^x
<h3>How to model the salary growth?</h3>
The model of the exponential growth is given as:
y = a(1 + r)^x
From the question, we have:
Initial salary, a = 45000
Raise, r = 5%
So, the equation becomes
y = 45000(1 + 5%)^x
Evaluate the sum
y = 45000(1.05)^x
Hence, the equation that determines your salary in x years is y = 45000(1.05)^x
Read more about exponential functions at:
brainly.com/question/11464095
