Answer:
$85,461.32
Explanation:
The beginning mean bi-weekly wage in a certain industry is $3,156.00. If the mean bi-weekly wage grows by 4.15%, what is the new mean annual wage?
$82,056.00
$85,461.32
$89,079.13
$87,058.81
$3,156 × (1 + % increase) = new bi-weekly wage
$3,156 × 1.0415 = $3,286.974
there are 52 weeks in a year so there are 26 bi-weekly payments per year:
$3,286.974 × 26 = $85,461.324