College Algebra (10th Edition)

Published by Pearson
ISBN 10: 0321979478
ISBN 13: 978-0-32197-947-6

Chapter 9 - Section 9.2 - Arithmetic Sequences - 9.2 Assess Your Understanding - Page 655: 69

Answer

8 years

Work Step by Step

The salaries form an arithmetic sequence, with with $a_{1}=35,000,d=1400,$ We want n for which $S_{n}=280,000$. $S_{n}=\displaystyle \frac{n}{2}\left[2a_{1}+(n-1)d\right]$ ... which we solve for n \begin{aligned} 280,000&=\displaystyle \frac{n}{2}[2(35,000)+(n-1)1400]\\ 280,000&=\displaystyle \frac{n}{2}\cdot2[35,000+700(n-1)]\\ 280,000&=n[35,000+700n-700]\\ 280,000&=n(700n+34,300)\\ 280,000&=700n^{2}+34,300n\\ 400&=n^{2}+49n\\ n^{2}+49n-400&=0\end{aligned} ...use the quadratic formula $n=\displaystyle \frac{-49\pm\sqrt{49^{2}-4(1)(-400)}}{2(1)}\approx\frac{-49\pm 63.25}{2}$ ... discard the negative solution $n\approx 7.13$ We are discussing end-of-year salaries. This result means that 7 years is not enough. It takes 8 years for the aggregate salary to reach and be above ${{\$}} 280,000$.
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