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Question

Question
An employee is starting a job with an annual(yearly) salary of $40,000.

The employee's salary will increase by 3% at the end of each year with the company.

What will the employee's salary, in dollars, be at the end of the second year with the company?

Percent of a Number (examples, solutions, videos, worksheets, games, activities)

(1 point)
Responses

$1200
$1200

$41,200
$41,200

$42,436
$42,436

$1236

Answer 1

$41,200