<em><u>Answer:</u></em>
s = $39,340
<em><u>Explanation:</u></em>
Note: I will use the symbol "n" instead of "t" in the solution.
<u>The given formula is:</u>
s = 32,512 * (1.1)ⁿ where "n" is the number of years.
We want to get the salary after 2 years. This means that we will substitute with n = 2 in the above equation and get the value of s.
<u>This is shown as follows:</u>
s = 32,512 * (1.1)²
s = $39,339.52 which is approximately $39,340
Hope this helps :)
Answer:
The answer is 6
Step-by-step explanation:
3 times 2 equals six
It's not compounded interest, you just get $3.20 every year.
$100 * 0.032 = $3.20
$3.20 * 3 years = $9.60
= 6.7082