. If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this salary be after 3 years? dollars

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter2: Equations, Inequalities, And Problem Solving
Section2.S: Summary
Problem 8S: What interest rate would you need to get to double an investment of 200 in eight years?
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d. If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will
this salary be after 3 years?
dollars
Transcribed Image Text:d. If a $28,700 salary is increased 5 percent each year to keep ahead of inflation, what will this salary be after 3 years? dollars
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