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PLEASE SHOW ALL OF YOUR WORK!!! THIS MEANS SHOW STEP BY STEP HOW YOU ARRIVED AT YOUR ANSWER(S). INCLUDE ANY EQUATIONS OR FORMULAS USED TO ARRIVE AT YOUR ANSWER(S). THANKS!

Suppose that I(t) gives the amount of the annual budget of Calamity Community College that is spent on instructor salaries, and that B(t) gives the total annual budget. Here, t represents years, with t = 0 corresponding to academic year 2013- 2014. a. What does the quantity I(0)/ B (0) represent in terms of the annual budget? b. Suppose that CCC leadership is predicting that = 0.2. What is Being predicted? Be specific and include appropriate units in your interpretation. c. For academic year 2013-2014, $1,200,000 of the total budget of $9,000,000 at CCC is spent on instructor salaries. Taking into account that the total budget is increasing at a rate of $200,000 per year, how fast must the amount of money spent on instructor salaries be increasing so that the prediction in b. is valid?

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