A hair dresser's salary in her first year is $30,000.
Each year she earns a 2% raise.
How much will she earn in her 6th year?
e = earnings n = number of years
e = 30,000[1.02(n-1)]
e = 30,000[1.02(6-1)]
e = 30,000[1.025]
e = 30,000[1.104]
e = $33,122.42