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Raheem was offered two different jobs as a webmaster. Each job had different starting annual salaries and different increases each year. The table shows the salaries for the first few years. Use this information to answer questions 7 and 8. Year I 1 Job A $30,000.00 $30,660.00 $31,334.52 Job B $24,000.00 $25,080.00 $26,209.00 2 3 7. What is the annual salary for Job A in the 5th year? 8. What is the annual salary for Job B in the 5th year?​

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Brainlypatrol

Answer:

$32,728.40 and $28,620.45

Step-by-step explanation:

in order to find out the increase, you need to divide 30,660 by 30,000.  This equals 1.022 which means that the salary is increasing by 2.2% Year over Year (YOY).  Since 31,334.52 is only the 3rd year, you must multiple that by 1.022 to find out the 4th year salary and then again to find the 5th year salary.

For Job B, follow the same method.  25,080 is an increase of 4.5% over 24,000.  So multiply 26,209.00 by 1.045 for the 4th year salary and then again for the 5th year salary.  This equals $28,260.45

Answer:

$32,728.40 and $28,620.45

Step-by-step explanation:

To calculate the increase, divide 30,660 by 30,000. This equals 1.022, indicating a 2.2 percent increase in salary year over year (YOY). Because 31,334.52 is only the third year, you must multiply it by 1.022 to get the fourth year salary, and then multiply it by 1.022 again to get the fifth year salary.

Use the same procedure for Job B. 25,080 is a 4.5 percent increase over 24,000. For the 4th year salary, multiply 26,209.00 by 1.045, and then multiply again for the 5th year salary. This comes to $28,260.45.

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