If my salary increases by 25% each year, in 4 years, I will earn exactly twice as much as I do now.
Added by Andr-S W.
Step 1
After 4 years, the salary will be doubled, so it will be 2x. Now, let's calculate the salary after 4 years with a 25% increase each year. Year 1: x * (1 + 0.25) = x * 1.25 Year 2: x * 1.25 * 1.25 = x * 1.25^2 Year 3: x * 1.25^2 * 1.25 = x * 1.25^3 Year 4: x * Show more…
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