You take a job that pays $25,000 annually.
(a) How much do you earn n years from now if you receive a three percent raise each year?
(b) How much do you earn n years from now if you receive a ﬁve percent raise each year?
(c) How much do you earn n years from now if each year you receive a raise of $1000 plus two percent of your previous year's salary.

Question

You take a job that pays $25,000 annually. 
(a) How much do you earn n years from now if you receive a three percent raise each year? 
(b) How much do you earn n years from now if you receive a ﬁve percent raise each year? 
(c) How much do you earn n years from now if each year you receive a raise of $1000 plus two percent of your previous year's salary.

Quizplus · Accepted Answer

The Answer of You take a job that pays $25,000 annually. 
(a) How much do you earn n years from now if you receive a three percent raise each year? 
(b) How much do you earn n years from now if you receive a ﬁve percent raise each year? 
(c) How much do you earn n years from now if each year you receive a raise of $1000 plus two percent of your previous year's salary.

You Take a Job That Pays $25,000 Annually