Your starting salary is $42,000.00, and each year you receive an
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Practice Problems

Your starting salary is $42,000.00, and each year you receive an

1. Your starting salary is $42,000.00, and each year you receive an $800 raise.

a. Write a formula for your salary, an, in dollars during the nth year.

b. What will your salary be during the 15th year?

c. How much total salary will you have earned during the first 15 years?

2. Your starting salary is $58,000.00, and each year you receive an $1800 raise.

a. Write a formula for your salary, an, in dollars during the nth year.

b. What will your salary be during the 25th year?

c. How much total salary will you have earned during the first 25 years?

Hint

Mathematics

" The total salary that will have been earned during the first 15 years will be given by the formula:

an=a1+(n-1)d

a15=42000+(15-1)800"

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