You are offered two jobs starting July 1, 2013. Humongous Enterprises offers you $45,000 a year to
Question:
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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Calculus With Applications
ISBN: 9780321831101
10th Edition
Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey
Question Posted: