00:01
Alright, so for company a we have a linear equation.
00:06
I like writing those first, so f of t we start with $52 ,000, which is a nice starting pay, plus $2 ,100 each year.
00:19
Since it's continuous adding, we multiply by x.
00:24
G of t, the second company, is going to also start you at $52 ,000, but it is going to give you a raise of 3 .8%.
00:33
It's a percent, so you are multiplying.
00:38
3 .8%, divide by 100, or move the decimal place two places, to .038.
00:46
It is a raise, so you should have a 1 in front so that you can keep your $52 ,000.
00:51
This is how much extra money you'll get.
00:53
This is the original $52 ,000.
00:55
We will continue to multiply that over and over and over again.
01:00
Continual multiplication is an exponent...