Lauren H. answered 10/19/18
Experienced High School Chemistry Teacher
Here's how:
78000 + n(4680) = amount earned in n years
78000 + (1.05)^n = amount earned in n years
Meme R.
asked 10/18/18After graduating from college, Carlos receives two different job offers. Both pay a starting salary of $78000 per year, but one job promises a $4680 raise per year, while the other guarantees a 5% raise each year.
Complete the tables below to determine what his salary will be after t years.
Round your answers to the nearest dollar.
t years 1 5 10 15 20
Salary with $4680 raise per year
t years 1 5 10 15 20
Salary with 5% raise per year
Lauren H. answered 10/19/18
Experienced High School Chemistry Teacher
Here's how:
78000 + n(4680) = amount earned in n years
78000 + (1.05)^n = amount earned in n years
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