USING aₙ = a₁rⁿ⁻¹
Urgent
Geraldo’s current salary is ₱480,000 per year. His annual pay raise is always a percent of his salary at the time. What would his salary be if he got four consecutive 5% increases?
Urgent
Geraldo’s current salary is ₱480,000 per year. His annual pay raise is always a percent of his salary at the time. What would his salary be if he got four consecutive 5% increases?
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Answer:
Php 583,433.00
Step-by-step explanation:
a1 = 480,000
r = 1.05 (5% increase)
n = 5 ; 1st term is 480,000 and he got 4 consecutive 5% increase, so we are looking at his salary on the 5th term.
USING aₙ = a₁rⁿ⁻¹ ; we ca get the a5 (5th term)
a5 = 583,443.00