College Algebra (6th Edition)

Published by Pearson
ISBN 10: 0-32178-228-3
ISBN 13: 978-0-32178-228-1

Chapter 8 - Sequences, Induction, and Probability - Exercise Set 8.2: 69

Answer

Total salary paid by company A over a period of 10 years = 307000 Total salary paid by company B over a period of 10 years = 324000 Company B pay greater total amount .

Work Step by Step

Company A offer starting salary = 19000 Company A offer raise in salary per year =2600 Company A offer salary after 10 year = 19000 + (10- 1) $\times$2600 = 19000 + 9$\times$2600 = 19000 + 23400 = 42400 Total salary paid by company A over a period of 10 years = $\frac{10}{2}$(19000 +42400) = 5$\times$61400 = 307000 Company B offer starting salary = 27000 Company B offer raise in salary per year =1200 Company B offer salary after 10 year = 27000 + (10- 1) $\times$1200 = 27000 + 9$\times$1200 = 27000 + 10800 = 37800 Total salary paid by company B over a period of 10 years = $\frac{10}{2}$(27000 +37800) = 5$\times$64800 = 324000 Company B pay greater total amount .
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.