algebra 2 honors

Question

You are offered a job that pays

​$38,000

during the first​ year, with an annual increase of

6​%

per year beginning in the second year. That​ is, beginning in year​ 2, your salary will be

1.06

times what it was in the previous year. What can you expect to earn in your fourth year on the​ job? Round your answer to the nearest dollar.

Answer 1

A(4) = 38000(1.06)⁴