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MathematicsMathematics
20 July, 07:57

Adam is hired at a salary of $50000 per year but will earn an annual increase of 2.5% per year. Brock is hired at the same time with a salary of $ 50000 per year but will have a $3000 per year increase. Who will make more in year 10 and by how much?

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  1. 20 July, 09:52
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    A=50000 (1.025^t), B=50000+3000t

    A (10) = $64004.23, B (10) = $80000

    So Brock will be earning $15995.77 more than Adam in the tenth year.
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Home » Mathematics » Adam is hired at a salary of $50000 per year but will earn an annual increase of 2.5% per year. Brock is hired at the same time with a salary of $ 50000 per year but will have a $3000 per year increase. Who will make more in year 10 and by how much?
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