Question

PLEEEEEAAAAAAAAASSSSE HELP? :(

A job pays 32000$ for the first year with an annual increase of 6% per year beginning in the second year. What is the salary in the sixth year? What is the total salary paid over this six-year period?

Answer 1

$32,000 the initial year...then the 2nd year 6% or $1920 gets added and you keep adding 6% of the new number up to six years equalling $42,823.22

Answer 2

i still don't understand

Answer 3

ok, Starts at $32,000 a year. Year 2, they get a raise of 6% or $1,920, so $1,920 + $32,000 gives you $33,920.....
The next year, you get 6% of $33,920 which is $2,035 which adds up to a salary of $35,955 for the 3rd year.

Answer 4

Yes, but for a test, i wont get credit unless i use a formula

Answer 5

Ooops, I got ya....