Problema Solution
Janine has job offers at two companies. One company starting salary is $28,000 with a raise of $3000 a year. The other company salary is $36,000 with a raise of $2000 a year. a) after how many years would the salary be the same for both companies? b)what would that salary be?
Answer provided by our tutors
Let 'x' represent the number of years that need to pass so that the two salaries are the same.
At the first company, after x years Jennie's salary will be: 28,000 + 3,000x
At the second company, after x years Jennie's salary will be: 36,000 + 2,000x
Since the salaries will be the same we can write the equation:
28,000 + 3,000x = 36,000 + 2,000x
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click here to see the solution for x
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x = 8 years
After 8 years the salary will be the same.
After 8 years the salary will be: 28,000 + 3,000*8 = $52,000.