Question

If I get a 5% raise each year for four consecutive years that is the same as a 20% raise.

a-true
b-false

Answer 1

A 5% raise each year for four consecutive years is equivalent to a 20% raise overall.

Step-by-step explanation:

The statement in the question is true.

To understand why, let's look at the calculations. If you receive a 5% raise each year for four consecutive years, the total raise over the four years would be:

5% + 5% + 5% + 5% = 20%

This means that a 5% raise each year is equivalent to a 20% raise overall.