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Miss Claire started a job in 2001 on a salary of Kshs. 40,000 per year. Her salary increases by 3% annually. Calculate her salary in 2022 and 2030. Also find her total earnings from 2001 to 2030 inclu
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2 partsHere's a step-by-step solution:
Part (a): Miss Claire's Salary
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Initial salary (Year 2001):
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Annual pay rise: 3%
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Common ratio:
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The salary forms a geometric progression with the -th term given by .
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a) (i) Her salary in the year 2022 and 2030.
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Salary in 2022: The year 2022 is the year of employment. We need to find .
Rounding to the nearest shilling: Her salary in 2022 is .
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Salary in 2030: The year 2030 is the year of employment. We need to find .
Rounding to the nearest shilling: Her salary in 2030 is .
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a) (ii) Her total earnings in employment for the year 2001 to 2030, inclusive. This is the sum of a geometric series for terms. The formula for the sum of the first terms is .
First, calculate :
Now substitute this value:
Rounding to the nearest shilling: Her total earnings are .
Part (b): Geometric Sequence
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The first four even numbers less than ten: These are 2, 4, 6, 8.
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The first three consecutive terms of a geometric sequence are:
- 1st term = 1st even number = 2
- 2nd term = 2nd even number = 4
- 3rd term = 4th even number = 8
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So, the geometric sequence is 2, 4, 8, ...
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Determine the term of the sequence.
- The first term is .
- The common ratio is found by dividing a term by its preceding term:
- The formula for the term of a geometric sequence is .
- Substitute and :
- Using the rule of exponents :
The term of the sequence is .
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