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svetoff [14.1K]
3 years ago
9

If your starting salary is 40,000 and you receive a 3% increase at the end of every year, what is the total amount, in dollars,

you will receive over the first 16 years that you work?
Mathematics
2 answers:
Mariana [72]3 years ago
8 0

Answer:

Correct answer is $806275

Step-by-step explanation:

liberstina [14]3 years ago
5 0
\bf \qquad \textit{Amount for Exponential Growth}\\\\
A=I(1 + r)^t\qquad 
\begin{cases}
A=\textit{accumulated amount}\\
I=\textit{initial amount}\to &40,000\\
r=rate\to 3\%\to \frac{3}{100}\to &0.03\\
t=\textit{elapsed time}\to &16\\
\end{cases}
\\\\\\
A=40000(1+0.03)^{16}\implies A=40000(1.03)^{16}
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Write an equation with a slope of -1/2 in each form.<br> point-slope form<br> slope-intercept form.
Evgen [1.6K]

For the case of a line through

(

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To get point intercept form, first expand the right hand side so...

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2 years ago
I need help with this one question
stellarik [79]

Answer:

3 is in

Step-by-step explanation:

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Lera25 [3.4K]
A and D are both correct answers
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storchak [24]
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