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kevin started his new job with a salaryof $26,550. every year, he recieves a 3.1% increase in his salary. write and use a continuous exponen

Home/Math/kevin started his new job with a salaryof $26,550. every year, he recieves a 3.1% increase in his salary. write and use a continuous exponen

kevin started his new job with a salaryof $26,550. every year, he recieves a 3.1% increase in his salary. write and use a continuous exponen

Question

kevin started his new job with a salaryof $26,550. every year, he recieves a 3.1% increase in his salary. write and use a continuous exponential growth to find his salary after 20 years? its $48892.00

## Answers ( )

Answer:His salary after 20 years is $48892

Step-by-step explanation:Kevin started his new job with a salary of $26,550.

We are also given that every year, he receives a 3.1% increase in his salary

So, rate of increase = 3.1%

Formula :

Where y(t)= Amount after t years

= initial amount = 26550

r = rate of increase in decimals =

t = time =20

we are supposed to find his salary after 20 years

Substitute the values in the formula :

Salary after 20 years =

Hence His salary after 20 years is $48892