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Gordon currently brings in an annual salary of $92,338 and anticipates a raise of 5% every year. What will his salary be in 3 years? If necessary, round your answer to the nearest cent.
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Gordon currently brings in an annual salary of $92,338 and anticipates a raise of 5% every

year. What will his salary be in 3 years?
If necessary, round your answer to the nearest cent.

User Deathstalker
by
7.7k points

1 Answer

1 vote

Answer:

Gordon will have $106892.8 in three years

Explanation:

92338 (0.05 + 1)³=

92338(1.05)³=

92338 x 1.16 =

106892.8

User Pavel Anossov
by
7.5k points
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