SOLUTION: Margarita is hired by an accounting firm at a salary of $60,000 per year. Three years later her
annual salary has increased to $70,500. Assume that her salary increases linearly.
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: Margarita is hired by an accounting firm at a salary of $60,000 per year. Three years later her
annual salary has increased to $70,500. Assume that her salary increases linearly.
Log On
Question 1131907: Margarita is hired by an accounting firm at a salary of $60,000 per year. Three years later her
annual salary has increased to $70,500. Assume that her salary increases linearly.
a. Find an equation that relates her annual salary S and the number of years t that she has
worked for the firm.
b. What do the slope and S-intercept of her salary equation represent?
c. What will her salary be after 12 years with the firm?
You can put this solution on YOUR website!
(a) is the hire date
(b)
The slope is the yearly increase in Salary
The S-intercept ( t = 0 ) is the salary at her hire date
(c)
$102,000/yr salary after 12 yrs