COMPOUND PERCENTAGES
Example:
If someone has a $20,000 salary and gets a 5 percent raise every year for 20 years, you would enter the starting amount as
20000
, choose
increases
on the menu, type in
5
percent, and say it increases
20
times. (Please leave out $, %, etc.)
Starting amount:
The starting amount
choose one
increases
decreases
by
percent
times.
ANSWER:
The final figure is
.