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6 of 6 Jerry's starting salary is $75,250. He earns a 4% raise every year. What will Jerry's annual salary be in the 7th year? please show work

6 of 6 Jerry's starting salary is $75,250. He earns a 4% raise every year. What will Jerry's annual salary be in the 7th year? please show work
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6 of 6

Jerry's starting salary is $75,250. He earns a 4% raise every year. What will Jerry's annual salary be in the 7th year? please show work

User Karen Forde
by
7.7k points

1 Answer

3 votes

Answer:

$96320.00

Explanation:

Net Amount = $75,250.00

Raise = $3,010.00

3010 x 7 = 21070

21070 + 75250 = 96320

$96320.00

User Chaserb
by
8.2k points
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