SOLUTION: Can you explain how to solve a problem that would ask the total amount of money a worker would receive after working at a company for 40 years and received a 3% raise every year wi

SOLUTION: Can you explain how to solve a problem that would ask the total amount of money a worker would receive after working at a company for 40 years and received a 3% raise every year wi

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Question 1028162: Can you explain how to solve a problem that would ask the total amount of money a worker would receive after working at a company for 40 years and received a 3% raise every year with a starting salary of $40,000 a year?
Answer by addingup(3677) (Show Source): You can put this solution on YOUR website!
40,000(1+0.03)^40 = 130,481.51 would be his salary on year 40
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