Question

Anthony works at a company where he gets a set 5% raise every year. If his current salary is

$71,000, what will his salary be in 13 years?
If necessary, round your answer to the nearest cent.

Answer 1

117,150


5% of 71,000 is 3,550, 3,550 c 13(years) = 46,150(what the company will add to his salary) 71,000 + 46,150 = 117,150