Question

You have accepted a job from a company that will pay you $38,900 in the first year of employment and will give you a 3% raise for each year thereafter. How much will you earn if you work for that company for 5 years? Round to the nearest dollar as needed. Show your work and use the right formula.

Answer 1

I am having so much trouble with this question and I will be so so so grateful to whoever can help me figure it out.

Answer 2

@dude

Answer 3

@Shadow

Answer 4

I'm sorry that no ones helped you yet, do you still need help?

Answer 5

It's okay. There are more who are coming to help. :)

Answer 6

Hey!

Sorry for the late response

I am guessing there is a more efficient way to solve this but this is what first comes to mind

You can calculate the 3% salary increase first:
You'd have something like 38,900*1.03 =40,067 (straightforward, this is accounting for the increase)

Because the increase is only for the years after the first, you want to ignore one year
The question asks for 5 years. So we simply multiply the above by 4

Then you can add up the starting and the Orangeulative 3% 4 year increases

Answer 7

consecutive* rip filter

Answer 8

Thank you so much!

Answer 9

GG with that clutch dude