Stu takes a job with a starting salary of $65,000 for the first year. he earns a 2% increase each year. how much does stu make over five years? $325,000 $331,500 $338,263 $358,826

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.  

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

                                                                =

                                                                 =$ 1300

Total earned in second year = 65,000 + 1300

                                                = $ 66,300

Total increase in money after second year = 2 % of 66,300

                                                                =

                                                                 =$ 1326

Total earned in third year = 66300 + 1326

                                                = $ 67,626

Total increase in money after third year = 2 % of 67,626

                                                                =

                                                                 =$ 1352.52

Total earned in fourth year = 67626 + 1352.52

                                                = $ 68978.52

Total increase in money after fourth year = 2 % of 68978.52

                                                                =

                                                                 =$ 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

2500

step-by-step explanation: