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Romashka-Z-Leto [24]
2 years ago
12

Entry function to model the situation. Then find the value of the function after the given amount of time. Use T as your variabl

e and round you're answer to the nearest sent. Fiona salary is $21000, and she excepts to receive a 3% raise each year; 8 years. The function is y= Her salary after 8 years is $=
Mathematics
1 answer:
steposvetlana [31]2 years ago
3 0

Answer:

her salary after 8 years is $26,602

Step-by-step explanation:

Given that

Fiona salary is $21,000

She received 3% raise each year

We need to find her salary after 8 years

So, here we apply the future value formula

i.e.

= Present value × (1 + rate of interest)^number of years

= $21,000 × (1 + 0.03)^8

= $21,000 × 1.03^8

= $26,602

hence,  her salary after 8 years is $26,602

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<h3>What is a mathematical expression?</h3>

A mathematical expression is a statement that involves two or more variables that require some mathematical operations.

Most commonly, a mathematical expression contains numbers, variables, and operators, which show a value after the mathematical operations.

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Amount of money spent = p + 45n - c

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