Micah takes a job with a starting salary of $78,000 for the first year. He earns a 4% increase each year. How much does Micah make over seven years?

Answers

Answer 1
Answer:

Answer:

Micah make 616066.97 $ over seven years

Step-by-step explanation:

This increase is in the form of a geometric progression.

Micah takes a job with a starting salary of $78,000

First term of GP = $78,000

He earns a 4% increase each year

Common ratio =1+(4)/(100)=1.04

Sum of n terms of GP with first term a and common ratio r.

            s_n=(a(r^n-1))/(r-1)

How much does Micah make over seven years, so wee need to find sum of GP when n = 7.

        s_7=(78000(1.04^7-1))/(1.04-1)=616066.97\$

Micah make 616066.97 $ over seven years

           

Answer 2
Answer: So his job has a starting salary of $78,000 and he gets a 4% increase each year. 4% of 78,000 is 3120 since 3120 divided by .04 equals 78,000, and 78,000+3120 = 81120 x 7= 567,840. So every year he can make $81120 and multiply that by 7, Mica would earn $567,840 every 7 years with the 4% increase in his salary every year.


Related Questions

Number with 1 decimal place is rounded to the nearest whole numberwhat the smallest number rounds up to 100?
A person springs off a 12-foot high diving board with an initial velocity of 10 feet per second. How many seconds does it take the person to hit the water?
Does anybody know anything about simplifying rational expressions? 4x/11x
What is the measure of an exterior angle of a regular quadrilateral
−1 1/2−(+3 1/2)−(−5/8)

If rectangle is 8 feet long and (7+x) feet wide. what is the area of the rectangle in square feet?

Answers

if the length is 8ft and the width is (7+x) then the area would be 56+8x, if x is unknown.

PLS HELP. The cost of printing a flyer to spread knowledge of an organization that you run is a flat rate of $9 plus $0.05 per copy. Let C represent the total cost of printing and x represent the number of copies. Write in symbolic form an equation that will relate C and x. Organize the data into a table of values. Begin with 500 copies, increase by increments of 500, and end with 2500 copies. How much would it cost to print 2500 flyers and what equation would you use?

Answers

The cost of printing a flyer to spread knowledge of an organization that you run is a flat rate of $9 plus $0.05 per copy. 

We are given the equation: 
9.00+0.05x=C

500 copies:

Equation - 9.00+0.05(500)=C

1500 copies: 

Equation - 9.00=0.05(1500)=C 

2500 copies: 

Equation - 9.00=0.05(2500)=C 

C = 9 + 0.05x = 2500  flyers will cost $134
u would need to spend about 100-500 dollars on copies

What is the equation of the line 4x - 3y = -2 in slope-intercept form?

Answers

Answer:

Y=-4x+2/3

Step-by-step explanation:

-3y=-4x-2

Y=-4x+2/3

Answer:

The answer is y = 4/3x + 2/3

What's the answer too x+7/7x+35*x^2-3x-40/x-8

Answers

(x+7)/(7x+35)\cdot(x^2-3x-40)/(x-8)=(*)\n\nx^2-3x-40=0\na=1;\ b=-3;\ c=-40\n\Delta=b^2-4ac;\ x_1=(-b-\sqrt\Delta)/(2a);\ x_2=(-b+\sqrt\Delta)/(2a)\n\n\Delta=(-3)^2-4\cdot1\cdot(-40)=9+160=169;\ \sqrt\Delta=√(169)=13\n\nx_1=(3-13)/(2\cdot1)=(-10)/(2)=-5;\ x_2=(3+13)/(2\cdot1)=(16)/(2)=8\n\nx^2-3x-40=(x+5)(x-8)\n\n(*)=(x+7)/(7(x+5))\cdot((x+5)(x-8))/(x-8)=(x+7)/(7)=(x)/(7)+(7)/(7)=(1)/(7)x+1\n\nD:x\neq-5\ \wedge\ x\neq8

Work shown please.. I need help with this topic.

Answers

          Tan θ = (opp)/(adj)
∴  Tan (59°) = (x)/(5)
                 x = [Tan (59°)] (5)
                    = (1.66428) (5)
                  x = 8.321 units

Determine if the rates $24 for 6 hours of work and $36 for 8 hours of work are equivalent. Explain your reasoning

Answers

No, because
24÷6= 4
36 ÷ 8 = 4.5