Question

A company gives yearly raises to their employees. The salaries at the company are based on the equation below, where S is the salary before taxes and t is the time since the date of hire in years.

S = $33,113 + $600t

What is the minimum number of years an employee would have to stay to make a salary of over $40,000 per year?

Answer 1

An employee would have to work 20 years in order to receive an annual pay of $45,000