Respuesta :
Answer:
Stu makes $338,263 over five years.
Step-by-step explanation:
In order to find the total amount Stu would make after five years, you need to find out how much he will make each year based on the 2% increase. Starting with year 1 at $65,000, we need to take his total salary and multiply by 1.02 (or the whole salary plus an increase of 2%). So, in year 2, he would make $66,300. Again, we would take his year 2 total salary and multiply by 1.02 to get $67,626 for year 3. We apply these same steps to years four ($68,978.52) and five ($70,358.10). To find his income over the five years, we need to add his salary from all five years together to get a total of $338,263.
Answer:
Option C which is $ 338,263
Step-by-step explanation:
The salary for the first year = $65,000
Increase per year= 2 %
To find total money made in five years = ?
total earned in first year = $65,000
Total increase in money after first year = 2 % of 65,000
= [tex]\frac{2*65000}{100}[/tex]
=$ 1300
Total earned in second year = 65,000 + 1300
= $ 66,300
Total increase in money after second year = 2 % of 66,300
= [tex]\frac{2*66300}{100}[/tex]
=$ 1326
Total earned in third year = 66300 + 1326
= $ 67,626
Total increase in money after third year = 2 % of 67,626
= [tex]\frac{2*67626}{100}[/tex]
=$ 1352.52
Total earned in fourth year = 67626 + 1352.52
= $ 68978.52
Total increase in money after fourth year = 2 % of 68978.52
= [tex]\frac{2*68978.52}{100}[/tex]
=$ 1379.58
Total earned in fifth year = 68978.52 + 1379.58
= $ 70358.1
Total Made in all five years = 65000+66300+67626+68978.52+70358.1
= $ 338262.62
≅$ 338,263
