SOLUTION: todds starting salary at his new job is $400 a week. He is promised a 3% increase in salary every year. Predict to the nearest dollar what todds expected salary will be after work
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Question 327603: todds starting salary at his new job is $400 a week. He is promised a 3% increase in salary every year. Predict to the nearest dollar what todds expected salary will be after working 4 years Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! week salary = $400
yearly = 400*52=20,800
yearly increase = 3% = 0.03
A= 20800*(1+0.03)^3
= $ 22,728 at the end of 3 years
