Suppose that you are offered a job with a 6,600 salary a month with guaranteed increase of 50 every 6 months for 5 years. What will your salary be at the end of this period of time?
That's a salary bump twice a year, so
6000 + 50(2*5)
To find out what your salary will be at the end of the 5-year period, we can break down the salary increases every 6 months and calculate the total increase.
First, let's calculate the number of salary increases over the 5-year period. Since there are 12 months in a year and the salary increases every 6 months, there will be a total of 5 years * 12 months/year / 6 months/increase = 10 salary increases.
Now, let's calculate the total increase in salary. Each increase is by 50, so the total increase will be 10 increases * 50 increase per increase = 500.
To find the final salary, we need to add the total increase to the initial salary of 6,600. Thus, the final salary will be 6,600 initial salary + 500 total increase = 7,100.
Therefore, your salary at the end of the 5-year period will be 7,100.