kt somde ingyb t nhom two co pa es Co pany A dered b rasla t

kt somde ingyb t nhom two co pa es Co pany A dered b rasla tng salary ofS52360 wida3.5% ase at eg end ofcach year Co pny Bofeedler a sta ng salary of$53 500 withamse of$2100aemd ofsch yet b.no. works tr Company Ale salry fr .ty yor is %ofher salary tom the previus year. Pwww Preview Preview

Solution

for company A, her raise is 3.5% each year.
her new salary will be 103.5% of her old salary each year.

she starts at 52360.
she gets a raise of 3.5%
3.5% / 100% = 0.035

0.035 * 52360 = a raise of 1832.6
52360 + 1832.6 = 54192.6
54192.6/52360 = 1.035* 100% = a percent of 103.5%