Answer:
s = $39,340
Explanation:
Note: I will use the symbol "n" instead of "t" in the solution.
The given formula is:
s = 32,512 * (1.1)ⁿ where "n" is the number of years.
We want to get the salary after 2 years. This means that we will substitute with n = 2 in the above equation and get the value of s.
This is shown as follows:
s = 32,512 * (1.1)²
s = $39,339.52 which is approximately $39,340
Hope this helps :)
