Math Problem Statement

Carter just accepted a job at a new company where he will make an annual salary of $60000. Carter was told that for each year he stays with the company, he will be given a salary raise of $3000. How much would Carter make as a salary after 8 years working for the company? What would be his salary after tt years?

Solution

Carter's salary grows linearly over time since he gets a fixed raise of $3000 each year. Let's break it down:

After 8 years:

  • Initial salary: $60,000
  • Annual raise: $3,000
  • After 8 years, Carter would have received 8 raises of $3,000.

The total salary increase after 8 years is: 8×3000=240008 \times 3000 = 24000 So, his salary after 8 years is: 60,000+24,000=84,00060,000 + 24,000 = 84,000 Thus, after 8 years, Carter's salary will be $84,000.

After tt years:

The formula to calculate his salary after tt years can be written as: Salary after t years=60,000+3,000×t\text{Salary after } t \text{ years} = 60,000 + 3,000 \times t This formula gives Carter's salary based on the number of years tt he stays with the company.

Would you like a deeper breakdown of this or have any other questions?

Here are 5 related questions:

  1. How much total salary would Carter earn over 8 years?
  2. What is the percentage increase in Carter’s salary after 5 years?
  3. If Carter leaves the company after 6 years, what will his final salary be?
  4. How many years will it take for Carter’s salary to reach $100,000?
  5. What is the average annual salary over his first 8 years?

Tip: Linear growth like this can be easily modeled using arithmetic sequences, where each year's salary forms the next term in the sequence!

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Math Problem Analysis

Mathematical Concepts

Linear Growth
Arithmetic Sequences
Algebra

Formulas

Salary after t years = 60,000 + 3,000 × t
Total salary increase after 8 years = 8 × 3,000

Theorems

Arithmetic Sequence Formula

Suitable Grade Level

Grades 6-8