Molly currently makes $42,000 a year. Her contract includes a 3% raise each year.
a. Use this information to fill in the table: b. What formula would need to be typed in cell B7 to determine Molly's salary after 6 years?
c. Show the numerical calculation to determine Molly's salary after 30 years. Then calculate her salary.

Question

Molly currently makes $42,000 a year. Her contract includes a 3% raise each year.
a. Use this information to fill in the table:  b. What formula would need to be typed in cell B7 to determine Molly's salary after 6 years?
c. Show the numerical calculation to determine Molly's salary after 30 years. Then calculate her salary.

Quizplus · Accepted Answer

The Answer of Molly currently makes $42,000 a year. Her contract includes a 3% raise each year.
a. Use this information to fill in the table:  b. What formula would need to be typed in cell B7 to determine Molly's salary after 6 years?
c. Show the numerical calculation to determine Molly's salary after 30 years. Then calculate her salary.

Molly Currently Makes $42,000 a Year