Question

Justine earned $17,000 during the first year of her job at city hall. After each year she received a 4% raise. Find her total earnings during the first five years on the job.

$92,077.48

$5,177,077.48

$3,541.44

$72,189.89

Answer 1

92,077.78352

Explanation:

1st year she earned 17,000, 4% of that is 680 so...

2nd year she earned 17,680, 4% of that is 707.2 so...

3rd year she earned 18,387.2, 4% of that is 735.488 so...

4th year she earned 19,122.688, 4% of that is 764.90752 so...

5th year she earned 19,887.59552, add it all up and it gives you:

92,077.78352.