Violet was offered a job that paid a salary of \$25,500$25,500 in its first year. The salary was set to increase by 2% per year every year. If Violet worked at the job for 29 years, what was the total amount of money earned over the 29 years, to the nearest whole number?

Respuesta :

The total amount of money earned over the 29 years if the salary is increased by 2% every year is $ 969,805.86.

What are sequence and series?

A sequence is a list of elements that have been ordered in a sequential manner, such that members come either before or after. A series is a sum of sequence terms. That is, it is a list of numbers with adding operations between them.

Violet was offered a job that paid a salary of $25,500 in its first year.

The salary was set to increase by 2% per year every year.

If Violet worked at the job for 29 years. Then the total amount of money earned over the 29 years will be

The sequence will be

[tex]25000, 25000 (1.02), 25000 (1.02)^2, 25000 (1.02)^3, ....., 25000 (1.02)^{28}[/tex]

Then we have

First-term (a) = 25000

Common ratio (r) = 1.02

n = 29

Then the sum will be given as

[tex]\rm S_n \ = \dfrac{a(r^n - 1)}{(r-1)}\\\\\\S_{29} = \dfrac{25000(1.02^{29}-1)}{1.02-1}\\\\\\S_{29} = \dfrac{25000\times 0.7758}{0.02}\\\\\\S_{29}= \$ \ 969,805.86[/tex]

More about the sequence and the series link is given below.

https://brainly.com/question/21961097

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