SOLUTION: Megs salary starts at 16,000 with annual raises of $1500. Janes salary starts at 19,300 with annual raises of 950. How many years will it be until they make the same amount. Set

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Megs salary starts at 16,000 with annual raises of $1500. Janes salary starts at 19,300 with annual raises of 950. How many years will it be until they make the same amount. Set      Log On

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Question 508192: Megs salary starts at 16,000 with annual raises of $1500. Janes salary starts at 19,300 with annual raises of 950. How many years will it be until they make the same amount. Set up in numeric form and solve
Found 2 solutions by stanbon, MathTherapy:
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Megs salary starts at 16,000 with annual raises of $1500. Janes salary starts at 19,300 with annual raises of 950. How many years will it be until they make the same amount. Set up in numeric form and solve
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Meg(x) = 16000+1500x
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Jan(x) = 19300 + 950x
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Solve:
16000+1500x = 19300 + 950x
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13500x = 3300
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x = 0.2444
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Comment: Probably one or more of your posted numbers is wrong
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Cheers,
Stan H.
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Answer by MathTherapy(10555) About Me  (Show Source):
You can put this solution on YOUR website!
Megs salary starts at 16,000 with annual raises of $1500. Janes salary starts at 19,300 with annual raises of 950. How many years will it be until they make the same amount. Set up in numeric form and solve

Let years for the salaries to be the same be Y
Then Meg’s equation is: 16,000 + Y(1,500), and Jane’s: 19,300 + Y(950)

Setting them equal to each other gives us: 16,000 + Y(1,500) = 19,300 + Y(950)

16,000 + 1,500Y = 19,300 + 950Y

1,500Y – 950Y = 19,300 – 16,000

550Y = 3,300

Y, or years it’ll take for both to earn same salary = 3300%2F550 or highlight_green%286%29

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Check
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In 6 years Meg will be making 16,000 + 6(1,500) or 16,000 + 9,000, or $25,000
In 6 years Jane will be making 19,300 + 6(950) or 19,300 + 5,700, or $25,000

As seen, both will be making the same annual salary in 6 year’s time.

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