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3 years ago

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

Mathematics

1 answer:

Korolek [52]3 years ago

4 0

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

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