Gloria received a 4 percent raise and is now making $24,960 a year, what was her salary before the raise?
1 answer:
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Answer:
P(t) = 282.2(1.009)^t
Step-by-step explanation:
Look at the attached image.
Hope you can read my handwriting. the image cut off the right side, b = 1.009213324... but question asks to round to nearest thousandth so it's 1.009
For the second part just use the equation to find P when t = -1 and see if P is less than (underpredicts) the number from the question or greater than (overpredicts) the number. I haven't calculated it but I think it will be smaller and thus underpredicts just from looking at the numbers when t = -1
