Question

Your first job after college has a salary of $35,000 and will increase 6.5% each year. If you stay with the same position, what you will make after working for 8 years?

Answer 1

Explanation:

35000*6.5%= 2275+35000=37275 year one

37275*6.5%=2422.88+37275=39697.88 year two

It comes out to $18200 more or 53,200