$S(n)=38,000a^{n}$<br/><br/>The function $S$ above models the annual salary, in dollars, of an employee $n$ years after starting a job, where $a$ is a constant. If the employee's salary increases by 4% each year, what is the value of $a$ ?

MM

Mashaal Masha

Feb 18, 2024

$S(n)=38,000a^{n}$The function $S$ above models the annual salary, in dollars, of an employee $n$ years after starting a job, where $a$ is a constant. If the employee's salary increases by 4% each year, what is the value of $a$ ?

Difficulty: Medium

A:

0.04

B:

0.4

C:

1.04

D:

1.4

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ID: 65d1c8ffdbc6daab1cc87ede