1. An employee signs a contract for a salary t years in the future given in thousands of dollars by s (t) = 45(1.041)*. a. What do the numbers 45 and 1.041 represent in terms of the salary? b. What is the salary in 15 years? c. To the nearest year, how long it will take for the initial salary to double?
1. An employee signs a contract for a salary t years in the future given in thousands of dollars by s (t) = 45(1.041)*. a. What do the numbers 45 and 1.041 represent in terms of the salary? b. What is the salary in 15 years? c. To the nearest year, how long it will take for the initial salary to double?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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
Transcribed Image Text:1. An employee signs a contract for a salary \( t \) years in the future given in thousands of dollars by \( S(t) = 45(1.041)^t \).
a. What do the numbers 45 and 1.041 represent in terms of the salary?
b. What is the salary in 15 years?
c. To the nearest year, how long will it take for the initial salary to double?
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