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: So, his salary after 8 years is: Thus, after 8 years, Carter's salary will be $84,000.
After years:
The formula to calculate his salary after years can be written as: This formula gives Carter's salary based on the number of years he stays with the company.
Would you like a deeper breakdown of this or have any other questions?
Here are 5 related questions:
- How much total salary would Carter earn over 8 years?
- What is the percentage increase in Carter’s salary after 5 years?
- If Carter leaves the company after 6 years, what will his final salary be?
- How many years will it take for Carter’s salary to reach $100,000?
- 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
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