Forum Discussion
Please help me grasp this concept.
I am a college student and I am trying to find out what is the proper answer for this question. I am not understanding the concept of formulas or how to use the proper formula... I just want to know ...
After one year, the salary is A4 * (100%+B4)
After two years, it is A4 * (100%+B4) * (100%+B4), or A4 * (100%+B4)^2
Etc.
Does that give you something to start with?