Question

Salary 75000Salary increase to 81000 in 4 years Future earnings in any given year y= Toms salary X=number of years worked Use the data given to find the rate of Chamorro the salary increase per year Use the data given and the slope value from step 1 to write the slope intercept form of the lineBased on your equation from step 2 what will Toms salary be in Ten years?

Answer 1

Given that Tom's initial salary is;

`y_0=\text{ \$}75000`

In four years the salary increases to;

`y_4=\text{ \$}81000`

The rate at which his salary increase per year is;

`\begin{gathered} m=(y_4-y_0)/(4)=(81000-75000)/(4)=(6000)/(4) \\ m=1500 \end{gathered}`

The rate at which his salary increase per year is;

`\text{ \$}1500\text{ per year}`

Using the given initial salary and the slope(rate) abo