SOLUTION: . If you earned an average of
$25,000 over your working life and you retire after 2005 at
age 62, 63, or 64, then your annual Social Security benefit
will be $7000, $7500, or $8
Algebra.Com
Question 304696: . If you earned an average of
$25,000 over your working life and you retire after 2005 at
age 62, 63, or 64, then your annual Social Security benefit
will be $7000, $7500, or $8000, respectively.
There is a linear equation that gives the annual benefit b in terms of age a for
these three years. Find the equation.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
If you earned an average of
$25,000 over your working life and you retire after 2005 at
age 62, 63, or 64, then your annual Social Security benefit
will be $7000, $7500, or $8000, respectively.
There is a linear equation that gives the annual benefit b in terms of age a for
these three years. Find the equation.
-----
Pick two points:
(0,7000),(1,7500)
---
slope: 500/1
---
Form: y = mx + b
7500 = 500*1+b
b = 7000
----------------------
Equation:
Benefit = 500(x)+7000 where "x" is the number of years after age 62
--------------------
Cheers,
Stan H.
RELATED QUESTIONS
Please help me with this question:
If you earned an average of $25,000 over your working (answered by stanbon)
Social Security benefits. If you earned an average of
$25,000 over your working life and (answered by Theo)
Please help me solve the following problem. REally appreciate the help.
Social... (answered by stanbon)
On the basis of current legislation, if you earned an average salary of $25,000 over... (answered by stanbon)
If you earned an average of $25,000 over your working life and you retire after 2005 at... (answered by vleith)
If you earned an average of $25,000 over your working life and you retire after 2005 at... (answered by gonzo)
I need to find an equation for the following word problem please.
If you earnes an... (answered by scott8148)
You begin working at age 23, and your employer deposits $300 per month into a retirement... (answered by math_helper)
You want to be able to withdraw $25,000 from your account each year for 15 years after... (answered by Boreal)