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