Question

Enter a function to model the situation. Then find the value of the function after the given amount of

time. Use as your variable and round your answer to the nearest cent.
Fiona's salary is $40,000, and she expects to receive a 4% raise each year, 11 years.
The function is y =
Her salary after 11 years is $

Answer 1

`y = 40000{(1.04)}^(x)`

After 11 years, her salary will be $61,578.16

Explanation:

`x = 11\\ y = 40000 {(1.04})^(11) \\ y = 61,578.162...`