Mr. Lutta's salary starts at sh. 42,000 and increases by 13% annually. Calculate his total earnings over 15 years, rounded to the nearest thousand.

Question

Asked on April 24, 2026Mathematics

This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.

Accepted Answer · 2026-04-24T13:22:42.978Z

Here are the solutions to the problems. Problem 4: The initial salary of Mr. Lutta is sh. 42,000 per annum. His salary increases by 13% each year. Determine his total earnings after 15 years. Give your answer to the nearest thousands. Step 1: Identify the given values and the type of progression. This is a geometric progression. The first term (initial salary) is A = 42000 sh. The common ratio (1 + increase rate) is r = 1 + 0.13 = 1.13. The number of years is n = 15. We need to find the sum of the first 15 terms

Accepted Answer · 2026-04-24T13:22:42.978Z

Here are the solutions to the problems. Problem 4: The initial salary of Mr. Lutta is sh. 42,000 per annum. His salary increases by 13% each year. Determine his total earnings after 15 years. Give your answer to the nearest thousands. Step 1: Identify the given values and the type of progression. This is a geometric progression. The first term (initial salary) is A = 42000 sh. The common ratio (1 + increase rate) is r = 1 + 0.13 = 1.13. The number of years is n = 15. We need to find the sum of the first 15 terms

Mr. Lutta's salary starts at sh. 42,000 and increases by 13% annually. Calculate his total earnings over 15 years, rounded to the nearest thousand.

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Mr. Lutta's salary starts at sh. 42,000 and increases by 13% annually. Calculate his total earnings over 15 years, rounded to the nearest thousand.

:

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More Mathematics Questions