If your starting salary increases 5% per year for 10 years, how does your salary at the end of the 10 years compare with your starting salary?

Question

It is nearly 63% higher
It is 150% higher
It is 50% lower
It is 50% higher

Answer 1

End=startin(1.05)^10

put this in your google search window
1.05^10=

Then, solve this:

(endingsalary-1)/1=