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An employees initial annual salary is $50,000 per year and the company gives $1,000 raises each year. The annual salary needed to live in the city was $45,000 when he started his job but is increasing 5% each year.

Create an equation that models the annual salary in a given year.
Create an equation that models the annual salary needed to live in the city in a given year.

Respuesta :

Answer:

S = 50000 + 1000Y

[tex]S= 45000[1+\frac{5}{100} ]^{Y}[/tex]

Step-by-step explanation:

The initial annual salary of an employee is $50000 per year and the company gives $1000 raises each year.

So, the equation that models the annual salary is given by  

S = 50000 + 1000Y

Where S is the yearly salary and Y is the number of years.

Again, the annual salary needed to live in the city is $45000 when one starts his job and is increasing 5% each year.

So, the equation that models the annual salary is given by

[tex]S= 45000[1+\frac{5}{100} ]^{Y}[/tex]

Where S is the annual salary and Y is the number of years.

(Answer)