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Salary Contract A union contract guarantees a 3.5% yearly salary increase for 2 years. For a current salary of $40,000, the salaries S for the next 3 years are given by
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Calculus: An Applied Approach (MindTap Course List)
- Investments Jack invest $1000 at a certain annual interest rate, and he invests another $2000 at an annual rate that is one half percent higher. If he receives a total of $190 interest in 1 year, at what rate is the $1000 invested?arrow_forwardAPPLICATIONS Manufacturing FurnitureA furniture factory makes wooden tables, chairs, and armoires. Each piece of furniture requires three operation: cutting the wood, assembling, and finishing. Each operation requires the number of hours given in the table. The workers in the factory can provide 300 h of cutting. 400 h or assembling, and 590 h of finishing each work week. How many tables, chairs, and armoires should he produced so that all available labor-hours are used? Or is this impossible? Table Chair Armoire Cutting h 12 1 1 Assembling h 12 112 1 Finishing h 1 112 2arrow_forwardPaying Off a Credit Card Suppose you owe 15, 000 on a credit card that carries an APR of 24. Because the balance is so high, you choose to stop charging and pay off the card. You can afford to make only the minimum monthly payment, which is 5 of the balance. Then your balance after t months is given by B=15,000(1.020.95)tdollars. How many payments will you have to make to get the balance below 100?arrow_forward
- Water Flea F. E Smith has reported on population growth of the water flea. In one experiment, he found that the time t, in days, required to reach a population of N is given by the relation e0.44t=NN0(228N0228N)4.46. Here N0 is the initial population size. If the initial population size is 50, how long is required for the population to grow to 125?arrow_forwardPopulation Growth There are originally 255 foxes and 104 rabbits on a particular game reserve. The fox population grows at a rate of 33 foxes per year, and the rabbits increase at a rate of 53 rabbits per year. Under these conditions, how long does it take for the number of rabbits to catch up with the number of foxes? How many of each animal will be present at that time?arrow_forward
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