Question
Shane is thinking about apprenticing as a plumber and notes that master plumbers in his region of the country make about $55,000 a year starting out. However, salaries are expected to increase by about 10 percent over the next four years. How much can Shane expect to make when his apprenticeship is over in four years? (in dollars)
So the answer will be $220,000 or is that incorrect.
So the answer will be $220,000 or is that incorrect.
Answers
oobleck
HUH? Increase by four times? I'd love to go to work there!
Do a sanity check.
55000 * 1.10^4 = 80,525.50
Do a sanity check.
55000 * 1.10^4 = 80,525.50
oobleck
if it increases by 10% you multiply by 1.10 each year.