If your starting salary is $40000 and you receive a 3% increase at the end of every year, what is the total amount, in dollars, you will earn one the first 16 years that you work

Total amount in dollars= $64614.00

Step-by-step explanation:

Initial starting salary is $40000.

Rate of increase is 3%

Number of years is 16 years

The salary is compounded yearly.

Amount A after 16 years is given as

A= p (1+r/n)^ (nt)

A=40000(1+0.03/16)^(16*16)

A= 40000(1.001875)^(256)

A=40000(1.61534824)

A= 64613.92959

Total amount in dollars= $64614.00

the ratio of balloons to tables is 5: 2 and the constant variation is 5.

the equation is y=5x