Question

The equation 2003-02-05-00-00_files/i0100000.jpg can be used to model a person’s future income. S = future salary, p = current salary, r = rate of increase, and t = time in years. Susan’s salary increases by 3% each year. If she starts at $43,000 per year, what will her salary be in 5 years?

Answer 1

No image

Answer 2

do you can attache this file .jpg please using this button below to this window ?

Answer 3

do you still need help? @lisa4

Answer 4

Equation is S = p(1 + r)^t

Like the problem states, S = future salary, p = current salary, r = rate of increase, and t = time in years.

Susan’s salary increases by 3% each year ---> r = 0.03
she starts at $43,000 per year ---> p = 43000
what will her salary be in 5 years ---> t = 5

plug in and evaluate