A woman made 35,000 on the first year of her new job each year she receives a 10% raise how much will she earn on the tenth year of her job

Respuesta :

Answer:

90780.99

Step-by-step explanation:

35,000 × 1.1 to the power of 10

Add 10% /\ /\ 10 years

She will earn Rs 82528.1691.

What is interest?

Interest is the price you pay to borrow money or the cost you charge to lend money.

What is meant by Compound Interest?

Compound interest is the interest paid on both principal and interest, compounded at regular intervals. At regular intervals, the interest so far accumulated is clubbed with the existing principal amount and then the interest is calculated for the new principal. The new principal is equal to the sum of the Initial principal, and the interest accumulated so far.

Compound Interest = Interest on Principal + Compounded Interest at Regular Intervals

Given:

On first year= 35,000

Raised = 10%

For 10th year

= 35000(1/ 10%)^9

=35000* (11/10)^9

=35000*2.35794

= 82528.1691

Hence,  She will earn Rs 82528.1691.

Learn more about tis concept here:

https://brainly.com/question/11473035

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