Determine whether the given value is a solution of the equation. Show your work.
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Answer:
The explicit function that represents Mark's salary is;
Step-by-step explanation:
The given parameters are;
The amount Mark will make at annually as an engineer = $65,000
The percentage annual pay increase guaranteed by the company = 2%
The explicit function that represents Mark's salary can be presented as follows;
Let Mark's present salary = y
Therefore we have;
y = $65,000× (1 + 0.02)ˣ = $65,000× (1.02)ˣ
Mark salary, y at a particular year, x is y = $65,000× (1.02)ˣ.