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Jeannette's starting salary is $25,000 a year. she will get a 4% raise annually. how much money will she have made after 7 years?

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Jeannete would make 32,000 that year.

Hope this helped:D

User Thanh Vu
by
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1 vote

It is given in the question that

Jeannette's starting salary is $25,000 a year. she will get a 4% raise annually.

And we have to find the amount of money she have made after 7 years .

Here we use the following formula


A = P(1+r)^t


P= 25000, r =0.04, t=7 years

Substituting these values, we will get


A = 25000(1+0.04)^7 = 25000(1.04)^7


A = 32898.29

User Dave Stibrany
by
8.5k points

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