Question

an employee is paid $3600 for the first month. she is paid an additional 1% at the end of the second month, which means a total of $3636. she continues to receive a 1% raise each month for a full year. what is her total salary at the end of the year?

Answer 1

1 - 3600
2 - 3636
3 - 3672.36
4 - 3709.08
5 - 3746.17
6 - 3783.64

Carry on from here. Multiply each month's salary by 1.01.

Answer 2

that's dumb
is there a different way to do it?
with a formula?