Description
Tom has received a new job offer!
He is told that his starting salary will be $75,000.00 per year.
He is also told that his salary will probably be $81,000.00 in four years.
We will use this data to try to anticipate his future earnings in any given year.
Assume that
y = Toms salary amount in dollars
And
x = the number of years worked
Steps
1. Use the data given to find the rate of change, or the salary increase per year. (Hint:compute slope)
We are now going to use a line to model toms salary growth
2. Use the data givin and the slope value from step 1 to write the slope-intercept form of the line.
3. Based of your equation from step 2 what will Toms salary be in ten years?
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
Hi there😤 , file in the attachment.
1. Finding the slope
Initial salary (year 0): $75,000, wh...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
Of Mice and Men
by John Steinbeck
Z for Zachariah
by Robert C. O’Brien
Where'd You Go Bernadette
by Maria Semple
Cry the Beloved Country
by Alan Paton
Broke Millennial: Stop Scraping by and Get Your Financial Life Together
by Erin Lowry
The Eyes Were Watching God
by Zora Neale Hurston
Slaughterhouse Five
by Kurt Vonnegut
Les Miserables
by Victor Hugo
Oliver Twist
by Charles Dickens