If you earn $3200 per month and you expect your earnings to increase by 6.4% per year, how much do you think you will be making in 6 years?

You should expect to be making $55,716.14 in 6 years.

Step-by-step explanation:

Your earnings after t years is given by the following equation:

In which E(0) is how much you earn on the current year and r is the increase rate, as a decimal.

$3200 per month currently:

A year has 12 months. So

You expect your earnings to increase by 6.4% per year

So

Then

How much do you think you will be making in 6 years?

This is E(6).

You should expect to be making $55,716.14 in 6 years.

12

step-by-step explanation:

12 + 5 = 17

12x2=24

24-7=17

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