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.
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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