Answered: Murphy's annual income has increased by…

Murphy's annual income has increased by 10% per year for the last 8 years. If Murphy's annual income is now $72,596, what was it 8 years ago? Round to the nearest dollar.

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section: Chapter Questions

Problem 430PT: Melinda deposited $5,985 in a bank account with an interest rate of 1.9%. How much interest was...

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Murphy's annual income has increased by 10% per year for the last 8 years. If Murphy's annual income is now $72,596, what was it 8 years ago? Round to the nearest dollar.

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