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Geometric Progression

Arithmetic and Geometric progressions.
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Geometric Progression

Postby junyong » Sun Jan 24, 2010 2:28 am

William started working for a company on 1 January 2003 with an annual salary of 15000 dollar. Every January, the company increases his salary by 6% of he previous year's salary. Calculate his annual salary, to nearest dollar, for the year 2008.
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Re: Geometric Progression

Postby adamsmith » Mon Sep 02, 2013 1:08 am

Given 1 January 2003 with an annual salary of 15000 dollar in 2008 the salary =20073.229269 dollar.

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