An employee joined a company in 2010 with a starting salary of $40,000. Every year this employee receives a raise of $500 plus 5% of the salary of the previous year

a) Set up a recurrence relation for the salary of this employee n years after 2010.

b) What will the salary of this employee be in 2017?

c) Find an explicit formula for the salary of this employee n years after 2010.