14. Two IT companies offer apparently similar salary schemes for their new appointees. Kell offers a starting salary of 18 000 per year and then an annual increase of 400 every year after the first. YBO offers a starting salary of 17 000 per year and an annual increase of 7% for the rest of the years after the first. (a) (i) Write down the salary paid in the 2nd and 3rd years for each company. (ii) Calculate the total amount that an employee working for 10 years will accumulate over 10 years in each company. (iii) Calculate the salary paid the tenth year in each company. (b) Tim works at Kell and Merijayne works at YBO. (i) When would Merijayne start earning more than Tim? (ii) What is the minimum number of years that Merijayne requires so that her total earnings exceed Tim's total earnings? 14. Two IT companies offer apparently similar salary schemes for their new appointees. Kell offers a starting salary of 18 000 per year and then an annual increase of 400 every year after the first. YBO offers a starting salary of 17 000 per year and an annual increase of 7% for the rest of the years after the first. (a) (i) Write down the salary paid in the 2nd and 3rd years for each company. (ii) Calculate the total amount that an employee working for 10 years will accumulate over 10 years in each company. (iii) Calculate the salary paid the tenth year in each company. (b) Tim works at Kell and Merijayne works at YBO. (i) When would Merijayne start earning more than Tim? (ii) What is the minimum number of years that Merijayne requires so that her total earnings exceed Tim's total earnings? 14. Two IT companies offer apparently similar salary schemes for their new appointees. Kell offers a starting salary of 18 000 per year and then an annual increase of 400 every year after the first. YBO offers a starting salary of 17 000 per year and an annual increase of 7% for the rest of the years after the first. (a) (i) Write down the salary paid in the 2nd and 3rd years for each company. (ii) Calculate the total amount that an employee working for 10 years will accumulate over 10 years in each company. (iii) Calculate the salary paid the tenth year in each company. (b) Tim works at Kell and Merijayne works at YBO. (i) When would Merijayne start earning more than Tim? (ii) What is the minimum number of years that Merijayne requires so that her total earnings exceed Tim's total earnings?