An employee's initial salary is 30,000 . The person receives a 5% raiseat the end of each year. What is the formula for the term sₙ which represents the salary at the beginning of the n th year?
F. sₙ=30,000+1.05 n
G. sₙ=30,000+5(n-1)
H. sₙ=30,000(1.05)ⁿ⁻¹
I. sₙ=30,000(1.05)ⁿ