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OpenStudy (anonymous):
Rachael's starting salary is $27,000 a year. She will get a 4% raise annually. How much money will she have made after 7 years?
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OpenStudy (help!!!!):
p+prt
OpenStudy (anonymous):
You find 4% by multiplying 27,000 by .04
OpenStudy (help!!!!):
use this formula for your problem
OpenStudy (help!!!!):
A=P+PRT
OpenStudy (anonymous):
If it isn't compounded, then do what they tell you to do, if it is compounded:
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OpenStudy (anonymous):
If it is compounded: A=P(1+r/n)^nt, if it is compounded
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