Question

PLEEEEEAAAAAAAAASSSSE HELP? :( (re-post)

A job pays 32000$ for the first year with an annual increase of 6% per year beginning in the second year. What is the salary in the sixth year? What is the total salary paid over this six-year period?

Answer 1

take 32,000*1.06=33,920 will give u the salary in the second year, do the same thing ofr third year by take the salary in second years times 1.06, so 33,920*1.06=35,955.2 (third year)
35955.2*1.06= 38,112.5 will give u the fourth year salary.

Answer 2

do the same thing until 6th year.

Answer 3

i need a formula

Answer 4

like using a sum formula

Answer 5

i was thinking 32,000(0.06*x+1), but it doesn't seem right.

Answer 6

i have one that says sn=a1(1-r^n)/1-r but i always get the wrong answer :/

Answer 7

that's can't be right

Answer 8

where did u get that formula from?

Answer 9

my teacher - i could have written it wrong - wait

Answer 10

it's this https://www.softchalkcloud.com/lesson/files/JWSnYa7QyqLGc8/Geometric%20Sequence%20Sum%20Formula.jpg

Answer 11

32000 (1 - 0.06^n)/(1 - 0.06) this is right.

Answer 12

thank you, another question why do i keep getting 31999.93?

Answer 13

rounding error.

Answer 14

shouldn't the real answer be 4282322?

Answer 15

nope, does it make sense to have that high of salary? how many years did u put in there?

Answer 16

6 because it asked for the sixth year

Answer 17

nope, 6 should be n=5, because the first year is 0, and second year is 1

Answer 18

u think you would make that much of money in 6 years? it doesn't make any sense to get that high salary after 6 years

Answer 19

ohhhhhhhhhh, ok thanks i didn't notice that

Answer 20

ty

Answer 21

no problemo.