Question

a company is offering a job with a salry of 30000 for the first year and a 5% raise each year after that If the 5% raise continues every year find the amount of money you would earn in a 40 year career

Answer 1

Figure out 5% of 30,000: .05 x 30,000 = 1,500

Multiply 1,500 by the number years, but subtract the first year (as you don't receive a bonus) : 1,500 x 39 = 58,500

Now add the bonus with the initial salary: 58,500 + 30,000 = 88,500.

THE ANSWER IS $88,500!!! :)