document.write( "Question 478242: PLEASE HELP ....... !\r
\n" ); document.write( "\n" ); 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.
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Algebra.Com's Answer #327933 by ankor@dixie-net.com(22740)\"\" \"About 
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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*\"%281%2B%28r%2Fn%29%29%5E%28nt%29\"
\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 = \"P%2A%281%2Br%29%5Et\"
\n" ); document.write( "A = \"40000%281%2B.04%29%5E4\"
\n" ); document.write( "A = \"40000%2A1.04%5E4\"
\n" ); document.write( "using a calc we get
\n" ); document.write( "A = $46,794.34 after 4 yrs with an annual 4% raise
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