Question

Tommy's salary increases by 4% each year. This year, Tommy's salaray was $42,250. How much will her salary be in 7 years?

**Simplify ALL of the way and round to the NEAREST whole number**

Answer 1

$295,750

Explanation:

Given

Tommy's salary increases by 4% each year.

Increase to 4%

1 year = $42,250

7 years = $?

To find

So if 1 year is $42,250, then to find 7 years, you multiply the given by what you are trying to find.

Set up.

1/42250 x 7/x =

295,750

Therefore, Tommy's salary be in $295,750 7 years.