+0  
 
0
74
1
avatar

company A offers a starting salary of $28,000 with a raise of $3,000 each year. Company B offers a starting salary of $36,000 with a raise of $2,000 per year. Company C offers a starting salary of $18,000. After how many years would the salary of company A and B be the same?

Guest Mar 22, 2017
Sort: 

1+0 Answers

 #1
avatar
0

Let the number of years when they will be equal =N

 

28,000 + 3,000N =36,000 + 2,000N

36,000 - 28,000 =3,000N - 2,000N

8,000 =1,000N Divide both sides by 1,000

N =8,000/1,000

N = 8 Years - when they will equal at $52,000 each.

Guest Mar 22, 2017

19 Online Users

We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.  See details