Question

Use the formula S = 40,000(1.06)' to calculate your salary after 4 years. Round your answer to the nearest dollar.

a. $42,400
b. $44,944
C. $47,641
d. $50,499

Answer 1

D

All you have to do is plug in 4 for the exponent on the calculator andddd you should get 50499.0784
Since it’s asking to round the answer to the nearest dollar then your answer should be $50,499

Answer 2

Answer: 50,499

Explanation:

Since you are calculating the salary after 4 years, 4 would be the value of T. you then just solve the equation, so because of PEMDAS you plug in 1.06 to the 4th and then multiply it by 40,000, resulting in 50,499.