Multiple Choice
Find the indicated sum. Use the formula for the sum of the first n terms of a geometric sequence.
-A job pays a salary of 30,000 the first year. During the next 7 years, the salary increases by 4% each year. What is the salary for the 8th year? What is the total salary over the 8-year period? (Round to the nearest cent.)
A) $39,477.95; $276,426.79
B) $39,477.95; $236,948.83
C) $41,057.07; $317,483.86
D) $41,057.07; $236,973.83
Correct Answer:
Verified
Correct Answer:
Verified
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