Question

Question 5 of 10

If your starting salary is $50,000 and you receive a 4% increase at the end of
every year, what is the total amount, in dollars, you will earn over the first 16
years that you work?
Round your answer to the nearest whole dollar, and express your answer
without using commas.
Answer here

Answer 1

80000

Explanation:

4% increase of 50000 is 2000 at the end of each year

so 2000*16=32000

50000+32000=82000

nearest whole dollar is 80000