Mathematics

Mathematics, 03.11.2019 02:31, jaden120

An employee's salary increased by $4,500 which represents a 15% raise. what is the employee's new salary?

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22. an employee joined a company in 2017 with a starting salary of $50,000. every year this employee receives a raise of $1000 plus 5% of the salary of the previous year. a) set up a recurrence relation for the salary of this employee n years after 2017. b) what will the salary of this employee be in 2025? c) find an explicit formula for the salary of this employee n years after 2017.

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