Question

After 29 years Ms. Payson is getting ready to retire from teaching. As part of her employee benefits

Answer 1

Answer:

$\boxed{\mathbf{\ 33880.70}}$

Step-by-step explanation:

1. Calculate the average salary

$\text{Average salary} = \dfrac{\text{Sum of salaries}}{\text{Number of salaries}} = \dfrac{\ 54900 + \ 55300 + \ 56700}{3}\\\\= \dfrac{\ 166900}{3} = \ 55633.33$

2. Calculate the pension

$\text{Pension} = 29 \times 0.021 \times \ 55633.33 = \mathbf{\ 33880.70}\\\\\text{ Ms. Payson's annual pension will be \boxed{\mathbf{\ 33880.70}} }$