Question

Rachael's starting salary is $27,000 a year. She will get a 4% raise annually. How much money will she have made after 7 years?

Answer 1

Below is by year:
1.  $27,000
2. $37,800
3. $52,920
4. $74,068
5. $103,703.20
6. $145,184.48
7.  $203,288. 27