A company gives a starting salary of $50,000 and to increase the salary by 4% annually. What will be this salary after 3 years?

asked May 15, 2022 233k views

14 votes

A company gives a starting salary of $50,000 and to increase the salary by

4% annually. What will be this salary after 3 years?

by BoDeX

6.4k points

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12 votes

Answer:

$56243.20

Explanation:

the equation would be 50000(1+4%)^3. Solve for that and get your answer.

Putnik answered May 20, 2022

5.8k points

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