Asked by dinahlee
Tom and Jerry were offered similar jobs at competing companies. Sony offered Tom a starting salary of $32,000 per year with a 7% raise at the end of each year. Panasonic offered Jerry a $35,000 annual starting salary with a 5% raise at the end of each year.
A) What is the raise for each of them at the end of the first year with their respective company?
B) What will their new salaries be at the end of the first year?
C) Generate a table to show each of their salaries for the first 5 years.
D) Does Tom’s salary ever exceed Jerry’s salary? Explain your answer.