Emma takes a job with a starting salary of $42,000. Her salary increases by 4% at the beginning of each year. What will be Emma's salary, to the nearest thousand dollars, at the beginning of the year 10
$57,000
$59,000
$60,000
$62,000

Question

Emma takes a job with a starting salary of $42,000. Her salary increases by 4% at the beginning of each year. What will be Emma's salary, to the nearest thousand dollars, at the beginning   of the year 10
$57,000
$59,000
$60,000
$62,000

anonymous · Answer

Increasing math! :D

Because her salary increased by a factor of 1.04 each year, we can solve it by saying
42000 X 1.04^9
We use 9 instead of 10 since you're asking about the beggining of year 10, not the end of it(So it's only been increased by 4% 9 times)
This gets you 59779.something
Which rounds to 60'000 :D

anonymous · Answer

Oh that was my mistake...thank you so much:)