2. Supposed you were hired by a company at an initial salary of RM24,000 per annum....

 

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2. Supposed you were hired by a company at an initial salary of RM24,000 per annum. At the end of each year, you would receive a 3% raise, but RM1000 will be deducted automatically from your annual salary by your company to pay your study loan. The total amount of money after the deduction would become your annual salary for the upcoming year. Let Pn equal your salary at the end of n years with the company. a. Determine a linear recurrence relation to represent your annual salary at the end of n years with the company, Pn. [10 marks] b. C. How much is your salary after 5 years of payment? Calculate your monthly salary after 5 years? [3 marks] [2 marks] 2. Supposed you were hired by a company at an initial salary of RM24,000 per annum. At the end of each year, you would receive a 3% raise, but RM1000 will be deducted automatically from your annual salary by your company to pay your study loan. The total amount of money after the deduction would become your annual salary for the upcoming year. Let Pn equal your salary at the end of n years with the company. a. Determine a linear recurrence relation to represent your annual salary at the end of n years with the company, Pn. [10 marks] b. C. How much is your salary after 5 years of payment? Calculate your monthly salary after 5 years? [3 marks] [2 marks]