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Question 996760: Joni is considering job offers from two companies. Company A offered her a starting salary of $53,080 with a 5.2 % raise at the end of each year. Company B offered her a starting salary of $64,400 with a raise of $2500 at the end of each year.
If Joni works for Company A, her salary for any year is what % of her salary from the previous year.
%=?????
Thanks!
Answer by Theo(13342)   (Show Source):
You can put this solution on YOUR website! for company A, her raise is 5.2% each year.
her new salary will be 105.2% of her old salary each year.
she starts at 53080.
she gets a raise of 5.2%
5.2% / 100% = .052
.052 * 53080 = a raise of 2760.16
53080 + 2760.16 = 55840.16
55840.16 / 53080 = 1.052 * 100% = a percent of 105.2%
the rate is equal to the percent divided by 100.
the percent is equal to the rate * 100.
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