Mhd H.

asked • 11/24/21

An employee joined a company in 2019 with a starting salary of 120,000 Dhs per year. Every year this employee receives araise of 5% of the salary of the previous year.

a.    Set up a recurrence relation for the salary of this employee. (Open formula)

b.    Find an explicit formula for the salary of this employee n years after 2019. (Closed formula)

c.     What will the salary of this employee be in 2025?


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