Jamison just started a new job as a firefighter earning an annual salary for 38,500.00. his contract states that he will receive a 3% salary increase every year after his first year on the job. Find jamison's total earnings over the course of his first six years as a firefighter.

Question

Marshmallow

Mathematics

7 June, 17:56

Jamison just started a new job as a firefighter earning an annual salary for 38,500.00. his contract states that he will receive a 3% salary increase every year after his first year on the job. Find jamison's total earnings over the course of his first six years as a firefighter.

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Jazlyn Solis · Answer 1

1st yr: 38500

38500:100%=x:3%, 100*x=38500*3, x=1155. After 2nd year Jamisons's salary is 38500+1155

2nd yr: 39655

39655:100%=x:3%, 100*x=39655*3, x=1189.65. 1189.65+39655

3rd yr: 40844.65

40844.65:100%=x:3%, x=1225.3395. 1225.3395+40844.65

4th yr: 46070

46070:100%=x:3%, x=1382.1. 1382.1+46070

5th yr: 47452.1

47452.1:100%=x:3%, x=1423.563. 1423.563+47452.1

6th yr: 48875.7

Jamison'stotal earnings over the course of his first six years are 261397.45

Yaritza Underwood · Answer 2

first year 38,500

2nd year38,500 x 3 percent = 1,155 for an annual salary of 39.655

3rd year39,655 x 3 percent = 1,189.65 for an annual salary of 40,844.65

4th year 40,844.65 x 3 percent = 1,225.33 for an annual salary of 42,069.99

5th year 42,069.99 x 3 percent = 1,262.10 for an annual salary of 43,332.09

6th year 43,332.09 x 3 percen = 1,299.96 for an annual salary of 44,632.05

grand total=249,033.78