SOLUTION: Your new job guarantees you an eight percent raise for each year with the company. If your initial salary is $42,200, write an equation to model your salary after t years.

Question 999655: Your new job guarantees you an eight percent raise for each year with the company. If your initial salary is $42,200, write an equation to model your salary after t years.

Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
Call your salary in t years, S(t).
Since your salary goes up 8% each year, it becomes 1.08 more each year.
Thus

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