Question

Someone PLEASE help, ill become a fan and give medal.!
a college graduate expects to earn a salary of $50,000 during the first year after graduatioon and receive a 3% raise every year after that. what is the total income he will have recieved after ten years?
A.$640,389.78
B.$573,193.97
C.$515,000.00
D.$507,955.31

Answer 1

there might be a simpler way to do this, but I'll go ahead and tell you what I would do

Answer 2

so year 1, they earn 50k. year 2, they earn 50k + 3%. year 3, they earn year 2 + 3%.

Answer 3

so write this out in a table if you can.

year $$$
1 50,000
2 51,500
3 53,045

Answer 4

and you can do the rest:)

Answer 5

Thanks!!!