Aman started a new job with an annual salary of $15000 in the year 2000. He receives a $2000 raise each year.
How much will his annual salary be in the year 2017?
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Let:
a 1 = 1 5 0 0 0
d = 2 0 0 0
n = ( 2 0 1 7 − 2 0 0 0 ) + 1 = 1 8
Solution:
a n = a 1 + ( n − 1 ) d = 1 5 0 0 0 + ( 1 7 ) ( 2 0 0 0 ) = 4 9 0 0 0
∴ His annual salary in 2 0 1 7 will be $ 4 9 0 0 0