document.write( "Question 38181: Please help me solve the following problem. REally appreciate the help.\r
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document.write( "Social Security benefits. If you earned an average of $25,000 over your working life and you retire after 2005 at age 62, 63, 64, then your annual Social Security benefit will be $7000,$7500, $8000, respectively (Social Security Administration. There is a liner equation that gives the annual benefit b in terms of age a for these three years. Find the equation \n" );
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Algebra.Com's Answer #23735 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! Social Security benefits. If you earned an average of $25,000 over your working life and you retire after 2005 at age 62, 63, 64, then your annual Social Security benefit will be $7000,$7500, $8000, respectively (Social Security Administration. There is a liner equation that gives the annual benefit b in terms of age a for these three years. Find the equation\r \n" ); document.write( "\n" ); document.write( "You have 3 points (62,7000),(63,7500), (64,8000) \n" ); document.write( "Use any two to solve for m and b in the form y=mx+b \n" ); document.write( "m=[8000-7000)/[64-62]=500 \n" ); document.write( "7000=500(62)+b \n" ); document.write( "b=-24000 \n" ); document.write( "EQUATION: \n" ); document.write( "Benefit=500(age)-24000 \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( " |