Question

a college graduate expects to earn a salary of $60,000 during the first year after graduation and receive a 4% raise every year after that. What is the total income he will have received after ten years

Answer 1

First you need figure out how much 4% of 60,000 is. That would be $2,400. So just multiply that by 10 and add it to 60,000. (2400 x 10 =24,000) (24,000 + 60,000 = $84,000)

Hope this helps! =D

Smiles,
~KamiBug