An employee accepts a job with a starting salary of $30,000 and a cost-of-living increase of 2 % every year for the next 10 years. What is the employee's salary right before the start of the 11th year? What are her total earnings during the first 10 years? Round your answers to two decimal places. Her salary right before the start of the 11th year is $ i 365061.46 Her total earnings during the first 10 years are $ 328491.63

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
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Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 67SGR
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An employee accepts a job with a starting salary of $30,000 and a cost-of-living increase of 2 % every
year for the next 10 years. What is the employee's salary right before the start of the 11th year? What are
her total earnings during the first 10 years?
Round your answers to two decimal places.
Her salary right before the start of the 11th year is $ i
365061.46
Her total earnings during the first 10 years are $
328491.63
Transcribed Image Text:An employee accepts a job with a starting salary of $30,000 and a cost-of-living increase of 2 % every year for the next 10 years. What is the employee's salary right before the start of the 11th year? What are her total earnings during the first 10 years? Round your answers to two decimal places. Her salary right before the start of the 11th year is $ i 365061.46 Her total earnings during the first 10 years are $ 328491.63
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