Math Problem Statement

Isabel is considering job offers from two companies. Company A offered her a starting salary of $49,000 with a $2100 raise at the end of each year. Company B offered her a starting salary of $49,000 with a 3.5% raise at the end of each year.

Let f ( t ) represent Isabel's salary at Company A t years after accepting a position at Company A, and let g ( t ) represent Isabel's salary at Company B t years after accepting a position at Company B. Complete the table of values below.

t f ( t ) g ( t ) 0 49000 49000 1 2 3

Solution

To complete the table of values, we need to use the formulas for both companies:

Company A:

The salary increase is a fixed amount of $2,100 each year. The formula for Isabel's salary at Company A after tt years is: f(t)=49,000+2,100×tf(t) = 49,000 + 2,100 \times t

Company B:

The salary increase is a percentage of her salary from the previous year. The formula for Isabel's salary at Company B after tt years is: g(t)=49,000×(1.035)tg(t) = 49,000 \times (1.035)^t

Now, let's calculate the salaries for each year.

For Company A:

  • When t=0t = 0, f(0)=49,000f(0) = 49,000.
  • When t=1t = 1, f(1)=49,000+2,100×1=51,100f(1) = 49,000 + 2,100 \times 1 = 51,100.
  • When t=2t = 2, f(2)=49,000+2,100×2=53,200f(2) = 49,000 + 2,100 \times 2 = 53,200.
  • When t=3t = 3, f(3)=49,000+2,100×3=55,300f(3) = 49,000 + 2,100 \times 3 = 55,300.

For Company B:

  • When t=0t = 0, g(0)=49,000g(0) = 49,000.
  • When t=1t = 1, g(1)=49,000×1.035=50,715g(1) = 49,000 \times 1.035 = 50,715.
  • When t=2t = 2, g(2)=49,000×1.035252,451.025g(2) = 49,000 \times 1.035^2 \approx 52,451.025.
  • When t=3t = 3, g(3)=49,000×1.035354,206.558g(3) = 49,000 \times 1.035^3 \approx 54,206.558.

Completed Table:

ttf(t)f(t) (Company A)g(t)g(t) (Company B)
049,00049,000
151,10050,715
253,20052,451.03
355,30054,206.56

Would you like further clarification or more details on how these calculations were made?

Related Questions:

  1. How would the salaries at Company A and Company B compare after 5 years?
  2. How would Isabel’s salary at Company A change if the raise was higher (e.g., $3,000 per year)?
  3. How does the percentage raise at Company B affect long-term salary growth compared to a fixed salary raise?
  4. What would Isabel's salary at Company A be after 10 years?
  5. How could inflation affect Isabel’s salary at both companies?

Tip: The percentage raise at Company B results in a compounding effect, which means the increase each year is slightly larger than the previous year’s raise. This is a key difference from the fixed raise at Company A.

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Math Problem Analysis

Mathematical Concepts

Algebra
Exponential Growth
Linear Sequences

Formulas

f(t) = 49,000 + 2,100 * t
g(t) = 49,000 * (1.035)^t

Theorems

Exponential Growth
Linear Growth

Suitable Grade Level

Grades 8-10