NEED THE RIGHT ANSWERS PLEASE AND THANK YOU You are consider

NEED THE RIGHT ANSWERS PLEASE AND THANK YOU!

You are considering two job offers. Company A will start you at $30,000 a year and guarantee a raise of $2500 per year. Company B will start you at a higher salary, $35,000 a year, but will only guarantee a raise of SHOO per year. Find the total salary that each company will pay over a ten-year period. Which company pays the greater total amount? Company A will pay $ over a ten-year period. Company B will pay $ over a ten-year period.

Solution

Solution :

Total salary paid by the company A over 10 years periods

y = 30000*10+2500(0+1+2+3....9)

= 300000+2500(9* (9+1)/2)

= 300000+2500*9*5

= $412500.

Similarly, total salary paid by the company B over 10 years periods

= 35,000*10+1400*9*5

= $413000

Therefore the company B pays greater total amount in 10 years. Ans.