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Sagot :
Answer:
$19144.22
Step-by-step explanation:
We are given that
Initial salary=$15,000
Increased per year=5%
We have to find the salary after 5 years
After 1 year salary
=[tex]15000+\frac{5}{100}\times 15000=[/tex]$15750
After 2 year
Salary
=[tex]15750+\frac{5}{100}\times 15750=[/tex]$16537.5
After 3year ,salary
[tex]=16537.5+\frac{5}{100}\times 16537.5[/tex]
=$17364.375
After 4 year
Salary=[tex]17364.375+\frac{5}{100}\times17364.375[/tex]
=$18232.59375
After 5 year
Salary
=[tex]18232.59375+\frac{5}{100}\times 18232.59375[/tex]
=$19144.22
After 5 years, the salary will be $19144.22
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