If your starting salary is 40,000 and you receive a 3% increase at the end of every year, what is the total amount, in dollars,
you will earn over the first 16 years that you work?
1 answer:
Answer:
$64188.26
Step-by-step explanation:
→ Calculate the increase in decimal multiplier
( 100 + 3 ) ÷ 100 = 1.03
→ Multiply this by the salary raised to the power of 16
40000 × ( 1.03 )¹⁶
→ Solve
$64188.26
You might be interested in
You made the choice to choose the letter A, a second time.
Six and eighty hundred thirty seven thousandths
Answer:
2 1/2 hours
Step-by-step explanation:
Divide 100 by 40 and you get 2.5
Answer:
ok dude
Step-by-step explanation:
Wʜᴇʀᴇ ɪs ǫᴜᴇsᴛɪᴏɴ?
Answer:
The answer is x>3
Step-by-step explanation:
8x-6>6x
2x>6
x>3
hope this helps -Cam♡