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Salary increases by 5% each year. Starts at $35,000 per year, What will the salary be on 5 years?

Salary increases by 5% each year. Starts at $35,000 per year, What will the salary be on 5 years?
asked 13.7k views
4 votes
Salary increases by 5% each year. Starts at $35,000 per year, What will the salary be on 5 years?

asked
User NickKampe
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8.7k points

1 Answer

3 votes
.05 x 5 = .25 so 35,000 x .25 = 8750
35,000 + 8,750 = $43,750
answered
User Nathansizemore
by
9.0k points
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