Your starting salary at a new company is $45,300 and it increase by 3.25% each year. How many
years will it take for your salary to reach $75,000?
"Careful with rounding too soon
Solve

it take 16 years for your salary to reach $75,000 .

Step-by-step explanation:

Here we have , Your starting salary at a new company is $45,300 and it increase by 3.25% each year. How many  years will it take for your salary to reach $75,000. Let's find out:

Let t be the number of years after which $45,300 is increased to $75,000 at increase of 3.25% . So , equation from the above statement is given as :

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Taking anti log with base 1.0325:

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On rounding off we get :

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Therefore , it take 16 years for your salary to reach $75,000 .

answer: the is put the 450

step-by-step explanation: