A professional football player signs a five-year 2 million dollar contract with a guaranteed 20% increase per year if he makes the All Pro team. If the player plays out the contract and makes the All Pro team each year, what will be his approximate salary for the last year of his contract?

Respuesta :

Answer:

D. 4.15 million dollars

Explanation:

Now given that

Yearly Salary = 2 million

20% increase per year of he makes pro team

Player makes pro team each year

Therefore,

Salary for year 2 = 2million × (120/100)

120% signally 20% increase in Salary

= 2 × 1.2

= 2.4 million

Salary for year 3 = 2.4 million × 1.2

= 2.88 million

Salary for year 4 = 2.88 million × 1.2

= 3.456 million

Salary for year 5 and last year of the contract = 3.456 × 1.2

= 4.1472 million

Salary at the last year of his contract is 4.1472 million, approximately 4.15 million dollars.

Answer:

4.15 milly

Explanation:

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