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kaymack1022 kaymack1022
  • 19-03-2016
  • Mathematics
Answered

a college graduate expects to earn a salary of 50000 during the first year after graduation and recieive a 3% raise every year for 10 years

Verified Answer :

aWolf aWolf
  • 19-03-2016

50,000(1.03)^10=Y is the equation you would use to solve this, and this is how to solve it:

50,000(1.03)^10
50,000(1.34)
67,000

so his salary after 10 years will be $67,000.00

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