The lynx star middle linebacker, nat, is paid $500,000. he is guaranteed a 25% raise for each of the next three years. what will his salary be three years from now? (hint: each 25% raise is based on the salary of the preceeding year.)

Nat's salary after 3 years = 976562.5 $

Explanation:

Salary of Nat =  $500,000

Raise in salary for next three years = 25 % = 0.25

Salary of Nat after 1 year = 500,000 + 0.25 * 500,000 = 625000 $

Salary of Nat after 2 years = 625000 + 0.25 * 625000 = 781250 $

Salary of Nat after 3 years = 781250 + 0.25 * 781250 = 976562.5 $

So, Nat's salary after 3 years = 976562.5 $

Easy Method;

   No of years considering = 3

   Initial salary = $500,000

   Rate of increase = 0.25

   Final salary $

Nat's salary after 3 years = 976562.5 $

answer: -1

step-by-step explanation: