contestada

At age 20, William starts a career with a salary of $40,000 and a promise of a yearly raise of 2%. Approximately how much money will he make over 10 years?

Respuesta :

ovoidjake

Answer:

8759.78

Step-by-step explanation:

cause by the end of the 10 years he would have 48759.77 minus that by 40,000 you would get 8759.78

abiolataiwo2015

Approximately how much money will he make over 10 years is $8,759.78.

Using this formula

Amount=[Principal(1+rate)^t]- Principal

Where:

Principal=$40,000

Rate=2%

Time=10 years

Let plug in the formula

Amount=[$40,000×(1+0.02)^10]-$40,000

Amount=[$40,000×(1.02)^10]-$40,000

Amount=$48.759.776-$40,000

Amount=$8,759.776

Amount=$8,759.78 (Approximately)

Inconclusion approximately how much money will he make over 10 years is $8,759.78.

Learn more here:

https://brainly.com/question/7603664

Otras preguntas