If your starting salary is 35,000 and you receive a 6% increase at the end of every year, what is the total amount, in dollars,

Question

4 years ago

13

you will earn over the first 16 years that you work?

2 answers:

Ghella [55] · Answer 1 · 2022-01-28T12:59:41+03:00

8 0

Answer:

898538

Step-by-step explanation:

Apex

stepan [7] · Answer 2 · 2022-01-28T10:53:06+03:00

stepan [7]4 years ago

5 0

A=p (1+r)^t
A the amount after 16 years
P current amount 35000
R rate 0.06
T time 16 years

A=35,000×(1+0.06)^(16)
A=88,912