Aaron was offered a job that paid a salary of $47,000 in its first year. The salary was set to increase by 7% per year every year. If Aaron worked at the job for 11 years, what was the total amount of money earned over the 11 years, to the nearest whole number?

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
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Chapter4: Rational Expressions
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Aaron was offered a job that paid a salary of $47,000 in its first year. The salary was set to increase by 7% per year every year. If Aaron worked at the job for 11 years, what was the total amount of money earned over the 11 years, to the nearest whole number?

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the first-year salary is $47000 so take a=47000

and it is increasing at a rate of 7% per year 

so the common ratio is r=1.07

now we want to find the total amount of money earned over 11 years

so the number of terms is n=11

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