SOLUTION: If I make 30,000 and get a 5% raise at the end of each year how much would I make at the end of the year?

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Question 620410: If I make 30,000 and get a 5% raise at the end of each year how much would I make at the end of the year?
Answer by nerdybill(7384) About Me  (Show Source):
You can put this solution on YOUR website!
If I make 30,000 and get a 5% raise at the end of each year how much would I make at the end of the year?
.
30000 + .05(30000)
30000 + 1500
$31500