Question

The beginning mean weekly wage in a certain industry is $789. 35. If the mean weekly wage grows by 5. 125%, what is the new mean annual wage? (1 point)

O $829. 80

O $1,659. 60

O $41,046. 20

$43,149. 82

Answer 1

4th answer is correct

Explanation:

The weekly wage after the increase

Mean weekly wage after the increase

$789.35 + ( $789.35 × 5.125% )

$789.35 + $40.47

$829.82

New mean annual wage

Mean annual wage

= Mean weekly wage after increase × 52

= $829.82 × 52

= $43149.82

Therefore, the new mean annual wage is approximately $43149.82.