Phil is offered a 3-year contract with a law firm. His first year earnings would be $81,000 with an annual raise of 15%.

What would Phil's total earnings be over the term of the contract?

Enter your answer, rounded to two decimal places, in the box.

Question

Mathematics

Alicia Stanton

12 November, 03:42

Phil is offered a 3-year contract with a law firm. His first year earnings would be $81,000 with an annual raise of 15%.

What would Phil's total earnings be over the term of the contract?

Enter your answer, rounded to two decimal places, in the box.

+2

Answers (1)

Know the Answer?

Keyla · Answer 1

First year: $81000

Second year: 1.15 ($81000) = $93150

Third year: 1.15 ($93150) = $107122.50

Add these three together to get Phil's total salary over the 3 years of his contract.

Phil is offered a 3-year contract with a law firm. His first year earnings would be $81,000 with an annual raise of 15%.What would Phil's total earnings be over the term of the contract?Enter your answer, rounded to two decimal places, in the box.

Phil is offered a 3-year contract with a law firm. His first year earnings would be $81,000 with an annual raise of 15%.

What would Phil's total earnings be over the term of the contract?

Enter your answer, rounded to two decimal places, in the box.