The functions shown describe the salaries of two different people after t years. Lauren: L(t)=46,500(1.015)t Jessy: J(t)=42,000(1.04)t Based on the functions, which statement is TRUE? A After 1 year, Lauren's salary will exceed Jessy's salary by about $4,500.   B After 2 years, Lauren's salary will exceed Jessy's salary by about $7,000.   C After 5 years, Jessy's salary will exceed Lauren's salary by about $1,000.   D After 10 years, Jessy's salary will exceed Lauren's salary by about $5,750.

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,...
icon
Related questions
Question

The functions shown describe the salaries of two different people after t years.

  • Lauren: L(t)=46,500(1.015)t
  • Jessy: J(t)=42,000(1.04)t

Based on the functions, which statement is TRUE?

A

After 1 year, Lauren's salary will exceed Jessy's salary by about $4,500.

 

B

After 2 years, Lauren's salary will exceed Jessy's salary by about $7,000.

 

C

After 5 years, Jessy's salary will exceed Lauren's salary by about $1,000.

 

D

After 10 years, Jessy's salary will exceed Lauren's salary by about $5,750.

 
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Follow-up Questions
Read through expert solutions to related follow-up questions below.
Follow-up Question

The answer "B" is not correct.

Solution
Bartleby Expert
SEE SOLUTION
Similar questions
Recommended textbooks for you
Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
Algebra
ISBN:
9780134463216
Author:
Robert F. Blitzer
Publisher:
PEARSON
Contemporary Abstract Algebra
Contemporary Abstract Algebra
Algebra
ISBN:
9781305657960
Author:
Joseph Gallian
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Algebra And Trigonometry (11th Edition)
Algebra And Trigonometry (11th Edition)
Algebra
ISBN:
9780135163078
Author:
Michael Sullivan
Publisher:
PEARSON
Introduction to Linear Algebra, Fifth Edition
Introduction to Linear Algebra, Fifth Edition
Algebra
ISBN:
9780980232776
Author:
Gilbert Strang
Publisher:
Wellesley-Cambridge Press
College Algebra (Collegiate Math)
College Algebra (Collegiate Math)
Algebra
ISBN:
9780077836344
Author:
Julie Miller, Donna Gerken
Publisher:
McGraw-Hill Education