Question

A college graduate expects to earn a salary of $55,000 during the first year after graduation and receive a 4% raise every year after that. What is the total income he will have received after ten years?

Answer 1

4% of 55,000 is 2,400 multipy that by 10 and add it to 60,000
(2,400 x 10= 24,000 )( 24,000+ 60,000=$ 84,000)