An employee's initial annual salary is $50,000 per year and the company gives $1,000 raises each year. The annual
salary needed to live in the city was $45,000 when he started his job but is increasing 5% each year.
a. How do I find the equation that models the annual salary in a given year?
b. How do I find the equation that models the annual salary needed to live in the city in a given year?
a. Current Salary (At year 0)= $50,000 per year Increase per year = $1,000 As, Year 0 salary is $50,000; Year 1 salary =... View the full answer