Question

Jan’s salary is 30000 and it will increase by 3000 each year. Phil’s salary is 20,000 and will be increased by 5,000 each year. In how many years will Jan and Phil have the same yearly salary

Answer 1

5 years

Solution:

3,000 × 5 = 15,000

30,000 + 15,000 = 45,000

5,000 × 5 = 25,000

20,000 + 25,000 = 45,000