jerry has a new job and earns a salary of $45000. Victoria has a new job and earns a salary of $54000 jerry will receive a salar
y increase of $2500 per year and Victoria will receive a salary increase of $1500 per year. Which equation can be used to find x, the number of years it will take jerry to earn the same salary as Victoria?
1 answer:
You might be interested in
Answer:
£1443.89
Step-by-step explanation:
To start you take the £1700 and multiply it by 4% (or .04) to find how much it depreciates for the first year. For the first year the depreciation £68 so the next year it will be worth £1632 ( £1700 - 68). You do the same thing for the second year but you start with the amount its worth now (£1632) and multiply again by the 4%. The depreciation for the second year is 65.28. Now you take what it was worth at the start of the year (£1632) and subtract the depreciation for the second year (65.28) to get £1566.72. You do the same process again for the third year to end up with a value of £1504.05. Now for the 4th year you will take the value of £1504.05 and again multiply by the depreciation rate of 4% to find the last amount of depreciation which is £60.16. Take your starting value for year 4 (£1504.05) and subtract the amount of depreciation (£60.16) to get your answer of £1443.89.
