# Justine earned $26,000 during the first year of her job at city hall. After each year she received $26,000 a 3% raise. How do you find her total earnings during the first five years on the job?

##### 2 Answers

#### Explanation:

So her first year she makes

The next year she gets a raise of

The year after that she makes

And so on and so forth

A trend I notice is that her initial

Now let's solve for when

Justine’s total earnings in 5 years

#### Explanation:

Formula to be used is similar to simple interest.

P = Earnings per annum, N = No. of years - 1, R = Revision per annum.

N = (No. of years - 1) as during first year will not have any increase

Given

To find

Total earnings during 5 years