Question

For the first year of a new job, you make P70,000. You get an annual raise each year of 3%. Find out total amount of money you will make in 5 years.

Answer 1

P371,639.507

Explanation:

First year: 70,000

Second year: 72,100

Third year: 74,263

Fourth year: 76,490.89

Fifth year: 78,785.6167

If you plus them all the total is 371,639.507