$62,342 is the salary earned by Ava.
<u>Step-by-step explanation</u>:
<u>step 1</u> :
Xavier's salary = $42,700
<u>step 2</u> :
Ava's salary = 46% higher than Xavier salary.
= 100% of Xavier salary + 46% of Xavier salary
= 146% of Xavier salary
<u>step 3 </u>:
Ava is earning a salary = (146/100)42,700
= 146 427
= 62,342
∴ Ava is earning a salary of $62,342.
Answer:
Option B) There is a 3 percent increase in the savings account each year.
Step-by-step explanation:
we have
This is a exponential function of the form
where
M(x) represent the amount of money in a saving account
x represent the number of years
a is the original deposit (y-intercept)
b is the base
r is the rate or percent increase
The percent increase per year is the base of the exponential function decreased by 1.
so
In this problem we have
---> original deposit
Therefore
The percent increase per year is 3%