Question

Anya and Jake started new jobs at the same time. Anya’s starting salary was $42,000, and she gets a $1,500 raise each year. Jake’s starting salary was $35,000, and he gets a 3% raise each year. What function gives Jake’s salary after x years?

Answer 1

Answer:

Function (Assuming Jake gets raise every year on his new salary )

Step-by-step explanation:

Given:

Anya’s starting salary = $42,000

Anya’s raise = $1,500 each year

Jake’s starting salary = $35,000

Jake’s raise = 3% each year

Find:

Function (Jake’s salary after x years) = ?

Number of years = x

Computation:

$Jake\’s\ salary\ after\ x \ years = Jake\’s\ starting\ salary(1+Jakes\ raise)^{Number\ of\ year}\\\\Jake\’s\ salary\ after\ x \ years =35,000(1+0.3)^x$