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

Salary x Percentage = Raise

anonymous · Answer

i need to find the total income after 10 years

anonymous · Answer

Raise + Salary = Total Income in 1 year.

anonymous · Answer

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

anonymous · Answer

Total Income in the 1st year x Percentage = Raise in the 2nd year
Raise in the 2nd year + Total income in the 1st year = Total income in the 2nd year

anonymous · Answer

Would 50,000x10=500,000x0.3 work ?

anonymous · Answer

*0.03

anonymous · Answer

Which gives me 15,000 , so the answer is c. right ?