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Anettt [7]
2 years ago
13

London was offered a job that paid a salary of \$93,000$93,000 in its first year. The salary was set to increase by 2% per year

every year. If London worked at the job for 22 years, what was the total amount of money earned over the 22 years, to the nearest whole number?
Mathematics
2 answers:
Mashcka [7]2 years ago
8 0

Answer: The total amount earned over the 22 year period would be $143,776

Step-by-step explanation: What the question simply requires is the value of the current amount (93000) at an annual increment of 2% (or 0.02) for a given number of years (22).

The formula for determining the amount is given as follows;

A = P(1 + r)∧t

Where A is the amount after the given period, P is the initial amount currently (93000), r is the rate of increase per annum (0.02) and t is the period in years (22). The formula now becomes;

A = 93000(1 + 0.02)²²

A = 93000(1.02)²²

A = 93000 x 1.54597967

A = 143776.10931

A ≈ 143776 (to the nearest whole number)

The total amount earned over the 22 year period would be $143,776

Tema [17]2 years ago
5 0

Answer: Amount = $143776

Step-by-step explanation:

Given that London was offered a job that paid a salary of $93,000 in its first year. The salary was set to increase by 2% per year every year.

Let P = 93000

Rate R = 2%

The amount of salary he will receive after 22 years can be calculated by using exponential equation

A = P(1 + 2%)^t

Where t = 22 years

A = 93000(1.02)^22

A = 93000 × 1.545979

A = 143776.11 dollars

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So the number of employees accumulated less than 3,000 miles is 5.

d. Based on the cumulative frequency polygon, about 75% of the employees accumulated how many miles or less?

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Step-by-step explanation:

The given frequency distribution representing the number of frequent flier miles accumulated by the employees in a company.                        

Frequent Flier Miles (000) Frequency

0                     up to 3 5

3                      up to 6 12

6                      up to 9 23

9                     up to 12 8

12                   up to 15 2

Total                       50

a. How many employees accumulated less than 3,000 miles?

The number of employees accumulated less than 3,000 miles= 5

So the number of employees accumulated less than 3,000 miles is 5.

b. Convert the frequency distribution to a cumulative frequency distribution.

We make the cumulative frequency distribution from the frequency distribution by adding up a frequency and all other frequencies below it.                

Frequent Flier Miles Frequency Cumulative frequency

0 up to 3                                5 5

3 up to 6                                      12 17

6 up to 9                                      23 40

9 up to 12                               8 48

12 up to 15                               2 50

Total 50

d. Based on the cumulative frequency polygon, about 75% of the employees accumulated how many miles or less?

8.5 thousands of miles, found by starting at 75 percent on the vertical axis on the right, over to the polygon and then down to the horizontal axis.

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