Provide an appropriate response.Juan and Pete are hired at the same salary. Juan receives a 10% raise followed by an 8% raise a year later. Pete receives an 8% raise followed by a 10% raise a year later. After all the raises, whose salary is higher? Explain.

Question

What will be an ideal response?

Answer 1

Neither. Juan's and Pete's final salaries are equal since  For example, if the original salary of each is  Juan's first raise will give him a salary of  while his second raise will increase his salary to  Pete's first raise will give him a salary of  while his second raise will increase his salary to  (Explanations will vary.)