a college graduate experts to earn a salary of $60,000 durning the first year after graduation and receive 4% raise every year a

Question

Nostrana [21]

3 years ago

8

a college graduate experts to earn a salary of $60,000 durning the first year after graduation and receive 4% raise every year a

fter that . what is the total income he will have after ten years?

Mathematics

1 answer:

Dima020 [189] · Answer 1 · 2022-01-23T01:24:17+03:00

Dima020 [189]3 years ago

5 0

Hi there

The formula is
A=p (1+r)^t
A total income?
P salary 60000
R rate of increases 0.04
T time 10 years

A=60,000×(1+0.04)^(10)
A=88,814.7 round your answer
A=88815

Hope it helps