Solution Found!
Pay Increases You are offered two jobs starting July 1,
Chapter 2, Problem 79A(choose chapter or problem)
Problem 79A
Pay Increases You are offered two jobs starting July 1, 2013. Humongous Enterprises offers you $45,000 a year to start, with a raise of 4% every July 1. At Crabapple Inc. you start at $30,000, with an annual increase of 6% every July 1. On July 1 of what year would the job at Crabapple Inc. pay more than the job at Humongous Enterprises? Use the algebra of logarithms to solve this problem, and support your answer by using a graphing calculator to see where the two salary functions intersect.
Questions & Answers
QUESTION:
Problem 79A
Pay Increases You are offered two jobs starting July 1, 2013. Humongous Enterprises offers you $45,000 a year to start, with a raise of 4% every July 1. At Crabapple Inc. you start at $30,000, with an annual increase of 6% every July 1. On July 1 of what year would the job at Crabapple Inc. pay more than the job at Humongous Enterprises? Use the algebra of logarithms to solve this problem, and support your answer by using a graphing calculator to see where the two salary functions intersect.
ANSWER:
SOLUTION:
Step 1:
In this question, two jobs are offered starting July 1, 2013. Humongous Enterprises offers $45,000 a year to start, with a raise of 4% every July 1. At Crabapple Inc. offers $30,000, with an annual increase of 6% every July 1. Find on July 1 of what year would the job at Crabapple Inc. pay more than the job at Humongous Enterprises. Use the algebra of logarithms to solve this problem, and support your answer by using a graphing calculator to see where the two salary functions intersect.