abedallatif257 abedallatif257

20-02-2020
Mathematics

contestada

The salary of an employee is 500$ . Knowing that the annual raise of salary is 10 % . then his salary after 2 years is

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dillonliyanage dillonliyanage

20-02-2020

Answer:

using the formula of compound interest:

500*(1+(10/100)^2

500= money

1 = interest, so the multiplier has to be above 1

10/100 = 0.10 + 1 = 1.1 = multiplier

^2= years

then we get

500 *(1.1)^2

1.1^2 = 1.21

=605

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dana58322 dana58322

20-02-2020

The answer is 605 dollars. I could be wrong.

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