4. Suppose you are offered two similar jobs. The Aerospace Engineering Group offers you starting salary of $50,000 per year with raises of $2,000 every year. The Bennington Corporation offers you an initial salary of $35,000 with a 15% raise every two years. a. One of these two companies is offering a salary formula that is linear and the other is offering a salary formula that is exponential. Which is which? How do you know? b. Find the salary formula for each company.

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter2: Systems Of Linear Equations
Section2.4: Applications
Problem 27EQ
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4. Suppose you are offered two similar jobs. The Aerospace Engineering Group offers you a
starting salary of $50,000 per year with raises of $2,000 every year. The Bennington
Corporation offers you an initial salary of $35,000 with a 15% raise every two years.
a. One of these two companies is offering a salary formula that is linear and the other is offering
a salary formula that is exponential. Which is which? How do you know?
b. Find the salary formula for each company.
0n s 28) olen ndw 1A
Transcribed Image Text:4. Suppose you are offered two similar jobs. The Aerospace Engineering Group offers you a starting salary of $50,000 per year with raises of $2,000 every year. The Bennington Corporation offers you an initial salary of $35,000 with a 15% raise every two years. a. One of these two companies is offering a salary formula that is linear and the other is offering a salary formula that is exponential. Which is which? How do you know? b. Find the salary formula for each company. 0n s 28) olen ndw 1A
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