SOLUTION: 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 s

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: 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 s      Log On

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Question 996761: 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 all.

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
A: 53080(1+.052)^n, where n= the number of years worked. This is her salary for any given number of years.
Her salary for any year is 5.2% greater than it was from the previous year.