Determine one-year growth factor for job


Let two job offers with salaries which increase exponentially.

a. For Job A, salary for year 1 is $29,000 while salary for year 2 will be $31,175.

i. Find 1-year growth factor for Job A?

ii. This means that every year salary for Job A increases by ?

b. For Job B, salary for Year 1 is $27,500 while salary for Year 2 will be $28,600.

i. Determine 1-year growth factor for Job B.

ii. This means that every year salary increases by?

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Mathematics: Determine one-year growth factor for job
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