A man earns a base salary of 2000$ and every year he got araise of 7% on his total income.huv much total income would he get by

Question

3 years ago

11

end of 4 years

1 answer:

e-lub [12.9K] · Answer 1 · 2022-07-02T14:10:49+03:00

Answer:

his total income by the end of 4 years will be: $2622.

Step-by-step explanation:

A man earns a base salary of $2000, and every year he got a raise of 7% on his total income.

The first year, he will earn: 1.07($2000) = $2140

The second year he will earn: 1.07($2140) = $2289.8

The third year he will earn: 1.07($2289.8) = $2450.086

The fourth year he will earn: 1.07($2450.086) = $2621.59202

Therefore, his total income by the end of 4 years will be: $2622.