Math Problem Statement

A freshly passed out B.Tech. Student from PDEU starts her job at a software company with a salary of Rs. 50,000 and is promised that at the end of each year her salary will be double her salary of the previous year, with an extra increment of Rs. 10,000 for each year she has been with company.

Construct and solve a recurrence relation to find her salary for her nth year of employment.

Solution

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Math Problem Analysis

Mathematical Concepts

Recurrence Relations
Algebra
Sequences

Formulas

S_n = 2S_{n-1} + 10,000 × (n-1) for n ≥ 2
S_1 = 50,000

Theorems

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Suitable Grade Level

Undergraduate