Emily got a new job that guarantees her a 6% raise every year. if she started out making $25,000, how long will it be before she doubles her current salary?

using the rule of 72 in 12 years time Emily will have her salary doubled

Explanation:

initial yearly income :  $25000 ( first year salary )

yearly increase percentage : 6%

yearly increase = yearly percentage increase * initial yearly income

                          = 6% * $25000

                          = 0.06 * $25000

                          = $1500

To double her salary which is $25000 to $50000 we use the rule of 72

in the rule of 72 you divide 72 by the annual interest rate

which now become =  72 / 6  = 12 years

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

i have economics during second block which is easy to me. anyways, i think b.