If your starting salary is 40,000 and you receive a 3% increase at the end of every year, what is the total amount, in dollars, you will earn over the first 16 years that you work?

Respuesta :

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Answer:

$64188.26

Step-by-step explanation:

→ Calculate the increase in decimal multiplier

( 100 + 3 ) ÷ 100 = 1.03

→ Multiply this by the salary raised to the power of 16

40000 × ( 1.03 )¹⁶

→ Solve

$64188.26

Answer:

$806275

Step-by-step explanation:

type it exactly like that, ap*x