Two Classmates graduate from college and start jobs with different companies. First has the starting salary of $40,000 per year which increases at the rate of $2000 per year. Second has the starting salary of $35,000 that increases at the rate of5% per year.
i) Write formulas for S1 and S2 salaries (in dollars) of two individuals described above as functions of time t (in years after they start working).
ii) In long run, whose salary will be greater? Describe When (if ever) will their salaries be equal?