Answer:
2800
Step-by-step explanation:
Just round the 43 to 40 and the 68 to 70. So the problem then converts to 40x70 to get a rough estimate. 40x70=2800
We can make use of the general formula for the geometric series to generate the function representing the average annual salary.
an = a0(r)^(n-1)
Or
f(x) = a0(r)^(x - 1)
Plugging in the given values for the year 2005 and 2006 to ge the value of r.
82000 = 70000 (r)^(1-1)
r = 1.1714
Therefore, the function is:
f(x) = 70,000 (1.1714)^(x-1)
