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2.1 Prep Assignment for Exponential Growth |
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Try it #1 |
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a) Suppose that when you graduate you are offered a job with the ABC Company with a starting salary of $40,000 and a 3% raise every year. What would your salary be after 3 years? Make a table of values and then plot these values on a coordinate plane. Let t = number of years since the beginning of the contract be your input and the salary be your output. |
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b) If you had a starting salary of $40,000 with annual raises of $1200, what would be your salary after 3 years? Make a table of values and then plot these values on a coordinate plane. Let t = number of years since the beginning of the contract be your input and the salary be your output. |
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Try It #2 |
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Suppose that over Christmas break you have two job offers. Team A offers you $1,000,000 for 30 days work to be their sports consultant for their cross country ski team. |
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For the same work, Team B offers you $.01 for the first day of work, but will double that amount on the second day, double the new amount on the third day, and continue doubling every day for one month. They will give you the final doubled amount on day 30. Which job would you take and why? |
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