26-05-2017
Mathematics

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Fionas salary is $30,000, and she expects to receive a 3% raise each year; 10 years

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jonahdanner jonahdanner

26-05-2017

you would have to first times .03 times 10 then take that times 30,000 which should equal 900

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Aliwohaish12 Aliwohaish12

26-05-2017

Hi there

The formula is
A=p (1+r)^t
A ?
P 30000
R 0.03
T 10 years
A=30,000×(1+0.03)^(10)
A=40,317.49

Hope it helps

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