Solve the problem.
-A job pays a salary of 32,000 the first year. During the next 9 years, the salary increases by 5% each year. What is the salary for the 10th year? What is the total salary over the 10-year period? (Round to the nearest cent.)
A)$52,124.63; $352,870.06
B)$52,124.63; $454,617.19
C)$49,642.50; $352,850.06
D)$49,642.50; $402,492.56

Question

Quizplus · Accepted Answer

The Answer of Solve the problem.
-A job pays a salary of 32,000 the first year. During the next 9 years, the salary increases by 5% each year. What is the salary for the 10th year? What is the total salary over the 10-year period? (Round to the nearest cent.)
A)$52,124.63; $352,870.06
B)$52,124.63; $454,617.19
C)$49,642.50; $352,850.06
D)$49,642.50; $402,492.56

Solve the Problem. -A Job Pays a Salary of 32,000 the First Year