Question: Aaron pays his actuary membership fees each year. The membership fee increases yearly by $10. If he pays $80 in the first year, how much does his membership cost, in dollars, in the sixth year?
Solution:
In year 2 he pays 80+10=$90.
In year 3 he pays 90+10=$100.
In year 4 he pays 100+10=$110.
In year 5 he pays 110+10=$120.
In year 6 he pays 120+10=$130.
Answer: 130