document.write( "Question 478242: PLEASE HELP ....... !\r
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document.write( "Geraldo's current salary is $40,000 per year. His annual pay raise is always a percent of his salary at the time. What would his salary be if he got four consecutive 4% increases? Round any decimals to the nearest cents. \n" );
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Algebra.Com's Answer #327933 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! Geraldo's current salary is $40,000 per year. His annual pay raise is always a percent of his salary at the time. \n" ); document.write( " What would his salary be if he got four consecutive 4% increases? \n" ); document.write( " Round any decimals to the nearest cents. \n" ); document.write( ": \n" ); document.write( "Use the formula: A = P* \n" ); document.write( "where \n" ); document.write( "A = accumulated amt after t yrs \n" ); document.write( "P = principal \n" ); document.write( "r = interest rate in decimals \n" ); document.write( "n = no. of compounding times per year \n" ); document.write( "t = time in yrs \n" ); document.write( "Since this is an annual raise, we can write it \n" ); document.write( "A = \n" ); document.write( "A = \n" ); document.write( "A = \n" ); document.write( "using a calc we get \n" ); document.write( "A = $46,794.34 after 4 yrs with an annual 4% raise \n" ); document.write( " |