I Got a Salary Increase of 6% Each Year for 8

question 22

Multiple Choice

I got a salary increase of 6% each year for 8 years.What is the total percentage increase in my salary over the 8-year period? Round your answer to two decimal places if necessary. ​

• A) 47.01%
• B) 60.23%
• C) 59.38%
• D) 48%

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Definitions:

Contributing Financially

Providing monetary resources or support to a project, individual, or organization.

Management

The act of organizing, planning, leading, and controlling resources efficiently and effectively to accomplish goals and objectives.

Positive Impact

Effects or outcomes that contribute beneficially to an individual, group, or environment.

Dissatisfied

Feeling of unhappiness or discontentment with something, often leading to a desire for change.