Question

Your boss has given you two options for salary increase. Your current salary is $45,000 per year.
Option 1: A raise of $2000 per year (linear growth).
Option 2: A yearly 4% raise (exponential growth).
a) Write an explicit equation for both options.
b) Fill in the table below,

Answer 1

Answer:

Step-by-step explanation:

There is no table but I will do the equations

• Option 1

45000+2000t

let "t" represent the number of years

• Option 2

45000*1.04t

let "t" represent the number of years