Question

Your entry level position at the law firm is $34,000 and it increases by 2.5% each year.

A. Write an exponential function to represent this situation.
B. What will your salary be in 5 years? Round your answer to the nearest dollar.

pls I need this I'll give away the rest of my points​

Answer 1

A)
`S(n) = 34000(1.025^(n))`

B) $38,468

Explanation

`34000 (1.025^(5)) = 38,467.8792`