Afia joined a local coffee shop as a barista with a starting salary of Tk. 15671. Her salary increased by 15% in year one, 36% in year two, and continued to fall by 5% in the following years. a. What was the average growth rate in her salary over her first four years at the coffee shop? Answer in exact form, or rounded to at least 4 decimal places b. What was her salary after year five? Answer in exact form, or rounded to at least 4 decimal places.
Afia joined a local coffee shop as a barista with a starting salary of Tk. 15671. Her salary increased by 15% in year one, 36% in year two, and continued to fall by 5% in the following years. a. What was the average growth rate in her salary over her first four years at the coffee shop? Answer in exact form, or rounded to at least 4 decimal places b. What was her salary after year five? Answer in exact form, or rounded to at least 4 decimal places.
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter8: Sequences, Series, And Probability
Section8.4: Geometric Sequences And Series
Problem 7SC
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