Question

Jeannette's starting salary is $25,000 a year. she will get a 4% raise annually. how much money will she have made after 7 years?

Answer 1

It is given in the question that

Jeannette's starting salary is $25,000 a year. she will get a 4% raise annually.

And we have to find the amount of money she have made after 7 years .

Here we use the following formula

$A = P(1+r)^t$

$P= 25000, r =0.04, t=7 years$

Substituting these values, we will get

$A = 25000(1+0.04)^7 = 25000(1.04)^7$

$A = 32898.29$

Answer 2

Jeannete would make 32,000 that year.

Hope this helped:D