Question

Company a pays $23,000 yearly with raises of $1200 per year. company b pays $26,000 yearly with raises of $800 per year. which company will pay more in year 10? how much more?

Answer 1

Company A: 23,000+(1,200x9)=33,800
Company B: 26,000+(800x9)=33,200
So, Company A pays $600 more than company B in year 10