You have a job as a teacher. Your salary for the first year is $37,185.

1 answer:

5 0

a) This represents a geometric sequence. b) c) The salary at the beginning of the fifth year will be $46,945.21. To clarify, my starting salary is $37,185. Should I receive a 6% raise each year, the salary for the following year will be: $37,185 x 1.06 = $39,416.10. Consequently, the salary after the second year will be: $39,416.10 x 1.06 = $41,781.07. Hence, the salary sequence will look like: $37,185, $39,416.10, $41,781.07, and so forth, demonstrating a consistent ratio of r = 1.06 for each term.

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