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2 September, 17:29

Ngozi earns $24000 in salary in the first year she works as an interpreter. each year, she earns a 3.5% raise.

write a function that ngozi's salary s (t) in dollars, t years after she starts to work as an interpreter

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  1. 2 September, 19:12
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    Given that the current salary for Ngozi is $24000 and she earns 3.5% raise yearly, the function that will represent her salary in t years will be:

    A=P (1+r) ^t

    where:

    A=future amount

    P=principle

    r=rate

    t=time

    thus plugging in the values we shall have:

    s (t) = 24000 (1+3.5/100) ^t

    s (t) = 24000 (1.035) ^t

    thus the answer is:

    s (t) = 24000 (1.035) ^t
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