Pregunta
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Marquis begins a job making per year. Each year, he is to receive a raise. His salary after years can
be modeled by this equation: . After 25 years, how much total money will Marquis have
earned from this job?



Ask by Clarke Guerrero. in the United States
Jan 21,2025

Solución de inteligencia artificial de Upstudy

Respuesta verificada por el tutor

Responder

After 25 years, Marquis will have earned a total of $1,805,000.

Solución

To determine the total amount Marquis will have earned after 25 years, let’s break down the problem step by step.

Given:

  • Starting Salary: $53,000 per year
  • Annual Raise: $1,600 per year
  • Number of Years: 25

Salary for Each Year:

The salary for each year can be modeled by the equation:
where:
  • is the salary in the year.
  • is the number of years.

Total Earnings Over 25 Years:

To find the total earnings over 25 years, we need to sum the salaries from year 1 to year 25.
This can be broken down into two separate sums:
  1. Constant Salary Component:
  1. Raise Component:

Adding Both Components:

Answer:

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Extra Insights

To find out how much total money Marquis will have earned after 25 years, we first need to calculate his salary for each year for 25 years using the provided formula .
For :
Now, we can find the total earnings over these 25 years. To do this, we can sum up all the individual yearly salaries from year 1 to year 25.
The total money earned can be calculated as:
Instead of adding each year separately, we can use the formula for the sum of an arithmetic series, which is:
where is the number of terms, is the first term, and is the last term.
Here:
Calculating the total earnings:
Therefore, after 25 years, Marquis will have earned a total of $1,805,000.

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