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mrs_skeptik [129]
3 years ago
10

During a job interview, Pam Thompson is offered a salary of $32,000. The company gives annual raises of 4 percent. What would be

Pam's salary DURING her fifth year on the job? (You may need to round to the nearest answer)
Business
1 answer:
attashe74 [19]3 years ago
6 0

Answer:

$38,933

Explanation:

A=P( 1 + r/100)^n

A= amount

r= rate(4%)

n=period (5)

A=32,000 ( 1 + 4/100)⁵

A=32,000 (1.04)⁵

A=38,932.89

A=$38,933( nearest whole number)

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