It will be 0.0625 because you can use a calculator and do 14/224
Answer:
Formula: A = 48,000(1+0.02)^t
salary after 30 years: $ 86,945.35
Step-by-step explanation:
Hi, to answer this question we have to apply an exponential growth function:
A = P (1 + r) t
Where:
p = initial salary
r = raising rate (decimal form)
t= years
A = salary after t years
Replacing with the values given:
A = 48,000 (1+ 2/100)^t
A = 48,000(1+0.02)^t
Salary after 30 years: substitute t=30
A = 48,000(1+0.02)^30
A = 48,000(1.02)^30
A=$ 86,945.35
Feel free to ask for more if needed or if you did not understand something.
Answer:
24 books
Step-by-step explanation:
