Jamison just started a new job as a firefighter

Asked by maham237 @ 13/01/2021 in Mathematics viewed by 275 People

jamison just started a new job as a firefighter earning an annual salary for 38,500.00. his contract states that he will receive a 3% salary increase every year after his first year on the job. Find jamison's total earnings over the course of his first six years as a firefighter.

Answered by maham237 @ 13/01/2021

first year 38,500
2nd year38,500 x 3 percent =1,155 for an annual salary of 39.655
3rd year39,655 x 3 percent =1,189.65 for an annual salary of 40,844.65
4th year 40,844.65 x 3 percent =1,225.33 for an annual salary of 42,069.99
5th year 42,069.99 x 3 percent =1,262.10 for an annual salary of 43,332.09
6th year 43,332.09 x 3 percen = 1,299.96 for an annual salary of 44,632.05
grand total=249,033.78

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