Emily got a new job that guarantees her a 8% raise every year. If she started out making $25,000, how long will it be before she
doubles her current salary?
1 answer:
Answer: 12 1/2 years
Step-by-step explanation:
If the salary doubling in currency, it would need a 100% raise. Simply divide 100% by 8% to get the number of years needed.
100 / 8 = 12.5 or 12 1/2
8% of 25,000 = 2,000
25,000 / 2,000 = 12.5 or 12 1/2
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