tphpaction skipto5reattempt5 Due Mon 09252017 1159 p Conside

tphp?action\" skip&to;=5&reattempt-5; Due Mon 09/25/2017 11:59 p Consider two job offers with salaries that increase exponentially. a. For Job A, the salary for year I is $29,000 while the salary for year 2 will be $31,175. i. How many times as large is the salary in Year 2 compared to the salary in Year 1? 1.075 ii. The salary in Year 2 is[075 ]8%of the salary in Year 1. iii. what is the percent change in salary from Year 1 to Year 21T b. For Job B, the salary for Year I is s27,500 while the salary for Year 2 will be $28.600. i. How many times as large is the salary in Year 2 compared to the salary in Year 1? 1.04 ii. The salary in Year 2 is [1.198 8% of the salary in Year 1 iii. What is the percent change in salary from. Year 1 to Year 2? Preview % Preview c. You expect to keep this job for at least 5 years and you want to make as much money as possible over the time spent working. Which job should you take? .Job A Job B Points possible: 10 9/25/2017 o search

Solution

a) i) 31175/29000 = 1.075

ii) 107.5%

iii) % Percent change = (31175-29000)/29000 = 7.5%

b) 28600/27500 = 104

ii) 104%

iii) % Percent change = (28600-27500)/27500 = 4%