Question

An employee receives a 4% year. If the employee's initi $64,000.00, what will the e salary be after 12 years?

          An employee receives a 4% year. If the employee's initi $64,000.00, what will the e salary be after 12 years?
        

Added by Christy W.

Calculus: Early Transcendentals
Calculus: Early Transcendentals
James Stewart 8th Edition
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An employee receives a 4% year. If the employee's initi $64,000.00, what will the e salary be after 12 years?
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Transcript

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00:01 Evan is working at a full -time at an annual salary of $50 ,000.
00:05 So every two years he gets a $900 raise.
00:12 So we want to know the salary in the 12th year.
00:17 So let's say after two years, he's going to get $900 raise, so we'd be getting $50 ,900.
00:23 At the end of another two years, he'll get another $900.
00:27 It'll be $51 ,800.
00:29 So that's after four years.
00:31 Do it again.
00:32 Another 900.
00:33 That's going to be 52, 700.
00:36 So that's after six years.
00:38 Another 900.
00:40 It's going to be 53, 600.
00:42 So that's going to be eight years.
00:45 And then we're going to do another 900.
00:48 We're looking at 54, 500.
00:51 So that's going to be after 10 years...
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