Question

HELP PLZZZZZZZZ

Justine earned $34,000 during the first year of her job at the city hall. After each year she received a 4% raise. Find her total earnings during the first five years on the job.

Answer 1

1. Year 1 = 34,000.00

2. Year 2 = 35,360.00

(34,000.00 * 1.04 = 35,360.00)

3. Year 3 = 36,774.40

(35,360.00 * 1.04 = 36,774.40)

4. Year 4 = 38,245.38

(36,774.40 * 1.04 = 38,245.38)

5. Year 5 = 39,775.20

(38,245.38 * 1.04 = 39,775.20)

6. Yr 1 + Yr 2 + Yr 3 + Yr 4 + Yr 5 = $184,154.98

Explanation: