document.write( "Question 1002397: If my salary increases by 20% each year, in 5 years, I will earn exactly twice as much as I do now.\r
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Algebra.Com's Answer #619329 by fractalier(6550)\"\" \"About 
You can put this solution on YOUR website!
False.
\n" ); document.write( "Say you made $100,000 this year.
\n" ); document.write( "Next year, 20% more would be $120,000.
\n" ); document.write( "But the year after that, you would make 20% more than the $120,000 or $144,000.
\n" ); document.write( "After 5 years you would be making more than double the original $100,000.
\n" ); document.write( "The increase compounds itself.
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