Question

Belinda will earn $46,000 her first year working as an interior designer with annual raises of 10%. What are her total earning at the end of 7 years?

Answer 1

Answer: $89640.99

Step-by-step explanation: rounded to two decimal places

Answer 2

For this case we have an equation of the form:
y = A * (b) ^ t
Where,
A: initial gain
b: growth rate
t: time
Substituting values we have:
y = 46000 * (1.10) ^ t
For the year 7 we have:
y = 46000 * (1.10) ^ 7
y = 89640.9866
Answer:
her total earning at the end of 7 years are:
y = 89640.9866 $