Ainsley works for the owners of a bookstore. Her starting salary was 24,500, and she gets a 3% raise each year. Write an equation in function notation to represent subsidy's salary as a function of the number of years she has been working at the bookstore.

Question

Mathematics

Moshe

30 August, 06:33

Ainsley works for the owners of a bookstore. Her starting salary was 24,500, and she gets a 3% raise each year. Write an equation in function notation to represent subsidy's salary as a function of the number of years she has been working at the bookstore.

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Answers (1)

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Hadley Yates · Answer 1

Answer: A (t) = 24500 (1+0.03) ^t

Step-by-step explanation:

Hi, to answer this question we have to write a growth function:

A = P (1+r) ^t

Where:

A = amount after growth

P = initial amount

r = growth rate (in this case is yearly, since she gets a 3% raise each year)

t = years

Replacing with the values given:

The growth rate must be in decimal form (divided by 100)

A (t) = 24500 (1+3/100) ^t

A (t) = 24500 (1+0.03) ^t

Feel free to ask for more if needed or if you did not understand something.