It is given in the question that
Jeannette's starting salary is $25,000 a year. she will get a 4% raise annually.
And we have to find the amount of money she have made after 7 years .
Here we use the following formula
[tex]A = P(1+r)^t[/tex]
[tex]P= 25000, r =0.04, t=7 years[/tex]
Substituting these values, we will get
[tex]A = 25000(1+0.04)^7 = 25000(1.04)^7[/tex]
[tex]A = 32898.29[/tex]
