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zloy xaker [14]
3 years ago
9

Suppose that you have just been hired at an annual salary of $85,000 and expect to receive an annual raise of 6% per year. What

Mathematics
1 answer:
Varvara68 [4.7K]3 years ago
7 0

Answer:

$125,800

Step-by-step explanation:

Amount (A) = ?

Principal (P) = $85,000

Rate (r) = 6%

Time (t) = 8 years

Simple interest formula;

A = P(1 + rt)

A = $85,000(1 + 0.48)

A = $125,800

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