## Pologirl19 Justine earned \$26000 during the first year of her job at city hall. After each year she received a 3% raise. find her total earnings during the first five years on the job. one year ago one year ago

1. TrashMan914

You need to find what 3% of 26,000 is. Then, multiply that by five, giving you the total cash number of interest, which can be added on the 26k to find her total earnings.

2. Pologirl19

I am still a little confused

3. TrashMan914

if 1.00 is 100 percent, then 3 percent would be 0.03, which can be multiplied by 26000.

4. Pologirl19

okay but that does not equal any of my answers

5. Pologirl19

\$138,037.53 \$1,004,704.20 \$4,020.51 \$108,774.30

6. Pologirl19

7. TrashMan914

Ohh, perhaps I have read this wrong, or I am missing something. Rewriting it, it's 26000 + 3% per year, over five years. We know she made 26000 the first year. 26000 * 0.03 = 780 780 + 26000 = 26780 26780 + 26000 = 52780 She made 52780 the first two years. Following this, we can take 26780, the previous year's income, and multiply it by 0.03 again. Rinse and repeat, it'll get an answer.

8. TrashMan914

I can work it out, in case you're still confused, if you can attempt it first.

9. Pologirl19

So I did that but it did not get me any of the answers

10. TrashMan914

What number did you get?

11. Pologirl19

26804.12306

12. TrashMan914

Hmm. That'd be for one year, but we are looking for all of the years combined: In order of years: 26000 26780 27583.4 28410.902 29263.22906 There's five years, so we need to add them all together. \$138,915.4279318 total, which is quite close to one of your answers.

13. Pologirl19

how did you get 27583.4

14. Pologirl19

@TrashMan914

15. TrashMan914

26780 * 0.03 = 803.4 803.4 + 26780 = 27583.4

16. Pologirl19

Oh okay makes sense thank you!!

17. TrashMan914

No problem.