Question

If an archaeologist expects to earn a salary of $55,000 during her first year on the job and receive a 4% raise every year after that. What is the total income she will have received after ten years?

Answer 1

forgot how to set this one up

Answer 2

55,000(1+0.04)^9

I think it's that...

^9 because the first year is already 55,000? Only 9 more to go?

Answer 3

It's either that or 55,000(1+0.04)^10, i'm not sure how the wording goes..

Answer 4

Someone confirm please

Answer 5

it says after 10 years

Answer 6

either if these is the answer

Answer 7

Oh, wrong equation, my equation calculates how much money is in the 10th year after all the increases..

Answer 8

I'm getting the same answer..