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Mr. James accepted a new job with a starting annual salary of $32,500. He will receive an annual raise of $1,500 beginning his second year. How much money will Mr. James earn from his salary for the first four years? Select one:$136,000highlight_off$145,000highlight_off$131,500highlight_off$139,000highlight_off

Question

Mr. James accepted a new job with a starting annual salary of 32,500.Hewillreceiveanannualraiseof32,500. He will receive an annual raise of 1,500 beginning his second year. How much money will Mr. James earn from his salary for the first four years? Select one:136,000highlightoff136,000highlight_off145,000highlight_off131,500highlightoff131,500highlight_off139,000highlight_off

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Solution

To solve this problem, we need to calculate Mr. James' salary for each of the four years and then add them together.

  1. In the first year, his salary is $32,500.
  2. In the second year, he gets a raise of 1,500,sohissalaryis1,500, so his salary is 32,500 + 1,500=1,500 = 34,000.
  3. In the third year, he gets another raise of 1,500,sohissalaryis1,500, so his salary is 34,000 + 1,500=1,500 = 35,500.
  4. In the fourth year, he gets yet another raise of 1,500,sohissalaryis1,500, so his salary is 35,500 + 1,500=1,500 = 37,000.

Now, we add all these amounts together to find the total salary for the four years:

32,500(firstyear)+32,500 (first year) + 34,000 (second year) + 35,500(thirdyear)+35,500 (third year) + 37,000 (fourth year) = $139,000.

So, Mr. James will earn $139,000 from his salary for the first four years.

This problem has been solved

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