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lilavasa [31]
3 years ago
14

Allison works at a Bank. Her employer offers her a retirement pension plan which will be 1.75% of her average salary for the las

t five years of employment for every year worked. Allison is planning on retiring after working at the Credit Union for 32 years. Her salaries over the last five years are $70,000; $73,100; $75,200; $77,500; and $79,000. Calculate Allison's annual pension.​
Mathematics
1 answer:
Law Incorporation [45]3 years ago
6 0

9514 1404 393

Answer:

  $41,977.60

Step-by-step explanation:

Allison's average salary for the last 5 years is ...

  (70 +73.1 +75.2 +77.5 +79)/5 = 74.96 . . . . thousand dollars

Then her annual pension is ...

  1.75% × $74,960 × 32 = $41,997.60

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