Question

Sam takes a job with a starting salary of $50,000 for the first year. He earns a 4% increase each year. Which expression gives the partial sum, S3, (in thousands)?

Answer 1

Given the statement:
Sam takes a job with a starting salary of $50,000 for the first year. He earns a 4% increase each ear.
Write each expression that gives the partial sum.
Representation:
The given statement can be written as,
Total Money = Starting Salary( 1 + rt)
t = number of years.
r = rate
Total Money = $50,000( 1 + 0.04(t))
Final answer:
Total Money = $50,000( 1 + 0.04(t))