Wen takes a job with a starting salary of $100,000 for the first year. she earns a 3% increase each year. what does s5 represent?

The sum of 5 year salary is $53,00,000.

Step-by-step explanation:

Given : Wen takes a job with a starting salary of $100,000 for the first year. She earns a 3% increase each year.

To find : What does represent?    

Solution :  

We have to find the sum of 5 year salaries

We apply geometric series sum formula,

Where, is the initial or first number,

we have given

r is the common ratio,

We have given she earns a 3% increase each year = 1+0.03=1.03

r=1.03

n is the number of terms,

n=5

Substitute the value in the formula,

Therefore, The sum of 5 year salary is $53,00,000.

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