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?