Question

A company offers you a job with an annual salary of $60 000 for the first year and a 5% raise every year after. Approximately how much money in total would you earn in 5 years of working there?

$76577

$331538

$315000

$75000

Answer 1

$75000

Explanation:

5% of $60000 is $3000 and $3000 x 5 is $15000 and $15000 + $60000 is $75000