Question

You have been gotten a job offer and the company wants you to start out at 45,000 and will give you 5% raise every year write an equation you could use to determine how much you could be making after x number of years

Answer 1

$51,750

Step-by-step explanation: We are going to make x = 3 and we will use the i=prt equation meaning

Step 1: (45,000)(0.05)(3)= 6750

Step 2: 45,000+ 6750= 51,750

Solution: $ 51,750