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Congratulations! You have just landed your first job and your boss has told you that you can choose from one of 3 pay structures for
Congratulations! You have just landed your first job and your boss has told you that you can choose from one of 3 pay structures for the first month (30 days) that you work there.
Option 1 - You are paid $15/day
Option 2 - You are paid $2 the first day, then each day after that you are paid $2 more than you were paid the day before.
Option 3 - You are paid $1 the first day, then three times that amount on the second day ($3), then three times that amount the next day.
- Which option would you choose? Defend your decision mathematically.
- How much money would you have at the end of the 30 days if you choose each option?
- Describe each option as linear, quadratic or exponential. Prove your description using finite differences.
- State two reasons why "money isn't everything" when it comes to a job.
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