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An employee receives a 2% raise once per year. If the employee's initial salary is $60,000.00, what will
the employee's salary be after 9 years?
I.


Sagot :

Answer:

The employee's salary after 9 years will be$70800

Step-by-step explanation:

find the % raise of the salary per year:2%×$60000=$1200

Then multiply the raise by the number of years:$1200×9=$10800

finally add the product with the initial salary:$10800+$60000=$70800