√ Please Help Algebra ||, You have accepted a job from a company that will pay you $38,900 in the first year of employment and will give you a 3% raise for each year thereafter. How much will you earn if you work for that company for 5 years? Round to the nearest dollar as needed.

NeverMind I failed my quiz :(

[tex]S_5=78,967\\ S_5=206,525\\ S_5=162,743\\ S_5=40,067[/tex]

Respuesta :

Answer: S5= 206,525

Step-by-step explanation:

Pretty easy just got to add 38,900 5 times and then add 3% of 38,900 which is 1,167. You start to add that 3% only adding it once but as you get to the third year you add 1,167 twice and so on and so forth. Also I got the answer right on my test for this one so I am confident with this answer.