The equation 2003-02-05-00-00_files/i0070000.jpg can be used to model a person’s future income. S = future salary, p = current salary, r = rate of increase(% in decimal form), and t = time in years. Bob’s salary increases by 5% each year. If he starts at $35,000 per year, what will his salary be in 5 years?
A.
$36,750
B.
$44,670
C.
$43,750
D.
$50,000

Please select the best answer from the choices provided

A
B
C
D

Question

The equation 2003-02-05-00-00_files/i0070000.jpg can be used to model a person’s future income. S = future salary, p = current salary, r = rate of increase(% in decimal form), and t = time in years. Bob’s salary increases by 5% each year. If he starts at $35,000 per year, what will his salary be in 5 years?
A.
$36,750
B.
$44,670
C.
$43,750
D.
$50,000

Please select the best answer from the choices provided

A
B
C
D

Mehek · Answer

you're going to need to do something about the file