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a college graduate experts to earn a salary of $60,000 durning the first year after graduation and receive 4% raise every year after that . what is the total income he will have after ten years?
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May 6, 2018
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a college graduate experts to earn a salary of $60,000 durning the first year after graduation and receive 4% raise every year after that . what is the total income he will have after ten years?
Mathematics
high-school
Tobias Krogh
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Answer:
$720,366.43
Explanation:
Stacyann
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May 8, 2018
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Stacyann
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Hi there
The formula is
A=p (1+r)^t
A total income?
P salary 60000
R rate of increases 0.04
T time 10 years
A=60,000×(1+0.04)^(10)
A=88,814.7 round your answer
A=88815
Hope it helps
Pescolly
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May 10, 2018
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