On commencing employment a man is paid a salary of $7200 per annum and receives annual increments of $350. Determine his salary in the 9th year and calculate the total he will have in the first 12years.

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Answer:

Step-by-step explanation:

From the question, we can form an equation like: S = 7200 + 350X

where S is the salary and X is year.

1. His salary in the 9th year, means X=9, so we substitute 9 into the equation to find S = 7200 +350 (9) = 10350

2. The total he will have in the first 12years, we have:

Sum of first n terms of an AP: S =(n/2)[2a + (n- 1)d] where a is the value of the 1st term, here a is 7200 and d = 350 the common difference between terms

=> S = (12/2)[2*7200 + (12- 1)350] = 109500

The salaries received form an arithmetic progression, A.P., and the salaries received with time can be determined using the formula for an A.P.

  • The salary of the man in the 9th year is $10,000
  • The total he will have in the first 12 years is $109,500

Reasons:

The annual salary at the commencement of employment = $7,200

The annual increment received = $350

Required:

The salary in the 9th year

Solution:

The annual salary that has an increase of $350 each year forms an arithmetic series, that has a general form of tₙ = a + (n - 1)·d

Where;

The first term, a = 7,200

n = The number years

d = The common difference = 350

In the 9th year, n = 9, which gives;

In the 9th year, t₉ = 7,200 + (9 - 1) × 350 = 10,000

  • His salary in the 9th year = $10,000

Required:

The total he will have in the first 12 years

Solution:

The total amount is given by the formula for the sum, Sₙ of an arithmetic progression as follows;

  • [tex]\displaystyle S_n = \mathbf{\frac{n}{2} \cdot \left[2 \cdot a +(n - 1) \cdot d \right]}[/tex]

Therefore, in the 12th year (n = 12), we have;

[tex]\displaystyle S_n = \frac{12}{2} \times\left[2 \times 7,200 +(12 - 1) \times 350 \right] = 109,500[/tex]

  • The total amount he will have in the first 12 years = $109,500

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