SOLUTION: Your new job guarantees you an eight percent raise for each year with the company. If your initial salary is $42,200, write an equation to model your salary after t years.

Algebra ->  Inequalities -> SOLUTION: Your new job guarantees you an eight percent raise for each year with the company. If your initial salary is $42,200, write an equation to model your salary after t years.       Log On


   



Question 1096416: Your new job guarantees you an eight percent raise for each year with the company. If your initial salary is $42,200, write an equation to model your salary after t years.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
This will be 42200(1.08)^t; this is the same form for compound interest.