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13 September, 18:22

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.

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  1. 13 September, 20:34
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    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.
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