A college graduate expects to earn a salary of $50,000 during the first year after graduation and receive a 3% raise every year after that. What is the total income he will have received after ten years?

Question

anonymous · Answer

A.	$640,389.78
 		B.	$573,193.97
 		C.	$515,000.00
 		D.	$507,955.31

anonymous · Answer

attachment

anonymous · Answer

all shall go to charity

anonymous · Answer

lol

yamyam70 · Answer

Initial salary is  50, 000  for the 1st year, 
3 % of 50,000 is  15,000.. 
so for the 2nd year, 50,000 + 3% raise (15,000) = 65,000

Computation for the 3rd year is getting the 3% of 65,000
then add them up. Once you get the final answer get the 3% of that and repeat the steps until you reached the 10th year.

anonymous · Answer

@yamyam70 i just tried that and got $264,342 :( and thats not an answer choice