Question

Four years ago, Jenny's annual salary was $22,625. This year, hersalary was $32,433. What will her new salary be in 5 years if itcontinues to rise at the same linear rate?

(A) $34,885

(B) $42,241

C) $44,693

(D) $55,058

Answer 1

After calculating Jenny's yearly salary increase of $2,452 by dividing the total increase over the last four years ($9,808) by 4, her salary in 5 years will be $44,693, making option (C) the correct choice.

Step-by-step explanation:

To determine Jenny's new salary in 5 years assuming a linear increase, first, we need to calculate the annual salary increase rate using the information provided.

Four years ago, Jenny's salary was $22,625 and this year, it is $32,433.

Therefore, the total increase over the four years is $32,433 - $22,625

= $9,808.

To find the annual increase, we divide this amount by 4, which gives us $9,808 / 4

= $2,452 per year.

Next, we can project her salary 5 years from now by multiplying the annual increase by 5 and adding it to her current salary.

So, the projection is $32,433 + ($2,452 x 5)

= $32,433 + $12,260

= $44,693.

Based on this calculation, her salary in 5 years will be $44,693, making option (C) the correct answer.