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stiks02 [169]
3 years ago
5

if your starting salary is $50,000 and you receive a 4% increase at the end of every year, what is the total amount, in dollars,

you will earn over the first 16 years that you work?
Mathematics
1 answer:
Rzqust [24]3 years ago
6 0
Hi there
The formula is
A=p (1+r)^t
A ?
P 50000
R 0.04
T 16 years
So
A=50,000×(1+0.04)^(16)
A=93,649

Best of luck!
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