Chris is hired by an accounting firm at a salary of $60,000 per year. Three years later his annual salary has increased to $70,000. Assume that his salary increases linearly.
a.) Find an equation that relates his annual salary s and the number of years t that he has worked for the firm.
s=(70,500−60,0003)t+60,000s=3500t+60,000
b.) What do the slope and the s-intercept of his salary equation represent?
The slope 3500 represents the annual increase of Chris salary and the s-intercept is the salary offered to Chris for the first year.
c.) What will his salary be after 12 years with the firm?
when t=12s=3500(12)+60,000s=102,000
After 12 years, Chris salary will be $102,000
Friday, January 22, 2016
College Algebra, Chapter 2, Review Exercises, Section Review Exercises, Problem 54
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