Acollege graduate expects to earn a salary of 6 during the first year after graduation and receive a 4% raise every year after that what is the total income he will have received after ten years?

So, there is an exponential growth formula you use.

First, write the initial cost which is

60,000

Then write 1+ the percentage of growth rate which is 0.04 percent. Then, right the time as an exponent after certain amount of years.

60,000(1+0.04)^10

60,000(1.04)^10

Plug this in a calculator

it should be 88814.6571

I hope this helps.

88814.66 dollars

Step-by-step explanation:

Given that a college graduate expects to earn a salary of 60000 during the first year after graduation and receive a 4% raise every year

Hence have

Salary after t years = S(t) = 60000(1+4%)^t

Here t= 10

S(10) =60000(1.04)^10 = 88814.66 dollars

Thus we have after 10 years the revenue would be 88814.66 dollars

answer:      

step-by-step explanation: