Question

justine earned $17,000 during the first year of her job at city hall. After each year she received a 4% raise. Find her total earnings during the first five years on the job. so 4* 5=20 so that would be 20% how would i solve this problem

Answer 1

Make a table where in each line you multiply the previous line by 1.04

Answer 2

So first year is $17,000
Second year is $17,000 * 1.04 = $17,680
Third year is ....

Answer 3

There is an equation approach to this which I would recommend if you were doing 30 years or something, but for now, probably best to just calculate the salary for each of the five years and then add them together.

Answer 4

1838720

Answer 5

thats the 3rd one

Answer 6

$1.8 Million dollars in the third year?!

Answer 7

i did 17680 times 1.04

Answer 8

(Teasing you. I know you meant to add the decimal place)

Answer 9

You meant: $18387.20

Answer 10

Or maybe you accidentally multiplied by 104

Answer 11

yeah the ending would be $1988759.55 (i would love to have that pay check

Answer 12

You are missing the decimal place again. Go back and find where that is happening.

Answer 13

how?

Answer 14

$17,000 with 4% raise each year doesn't go above $20,000 after just five years.

Answer 15

You are either multiplying by 104 instead of 1.04 or something else like that.

Answer 16

no i did 1.04 each time

Answer 17

Well the decimal place is off somewhere. Check your intuition at each step. In no year does Justine make more than $20,000.

Answer 18

ok

Answer 19

ohh i figured it out i got 19887.59 or if i round it it would be 19887.60

Answer 20

i read it wrong