You're a new hire.Your starting salary is $55,000 a year.Your company gives you a performance raise of 5 percent a year.If you continue in the same position and always receive your performance raise,in how many years will you double your salary?
A) 12 years
B) 14 years
C) 15 years
D) 16 years
E) 18 years
Correct Answer:
Verified
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