Someone answer them tysm

At his new job, jeremiah can choose an hourly rate of $9 plus a $50 weekly bonus for opening the store, or an hourly rate of $10 per hour with no opening bonus. the equations model his salary options. y = 9x + 50 y = 10x

Find the quotient with the restriction.

The expression 1.01*1.005(^t) gives the amount of money, in thousands of dollars, in carter's savings account (t) years after he opens it. what does 1.01 represent in this expression?