The starting salary for a particular job is 1.2million per annum. The salary increase each year by 75000 to a maximum of tolerance 1.5million
A. In which year is the maximum salary reached
B.how much money would a person earn in that time
A. To find out in which year the maximum salary is reached, we can set up an equation to represent the salary increase each year.
Let x be the number of years and y be the salary earned in that year.
The equation can be represented as:
y = 1.2mil + 75,000x
The maximum salary tolerance is 1.5mil, so we can set up an inequality to determine the year in which the maximum salary is reached:
1.2mil + 75,000x ≤ 1.5mil
75,000x ≤ 0.3mil
x ≤ 4
Therefore, the maximum salary is reached in the 4th year.
B. To calculate how much money a person would earn in that time, we can sum up the salaries earned each year from the starting salary to the maximum salary.
In the 1st year, they earn 1.2mil
In the 2nd year, they earn 1.27mil
In the 3rd year, they earn 1.35mil
In the 4th year, they earn 1.42mil
Summing these up, we get:
1.2mil + 1.27mil + 1.35mil + 1.42mil = 5.24mil
Therefore, a person would earn a total of 5.24 million in that time.