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Mason's annual income is $42,500. He receives an increase of 3.5% every year
Which Function would model Mason's yearly income?
If Mason's income were to increase by 2.5% every year instead of 3.5%, what would his annual income be after 5 years?
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Masons annual income is 42500 He receives an increase of 35 every yearWhich Function would model Masons yearly income If Masons income were to increase by 25 ev class=
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Respuesta :

The function that models Mason's yearly income is 42,500(1  + 0.035)^x.

Mason's income after 5 years would be $48,084.85.

What would be Mason's income after 5 years?

The function that models Mason's income is an exponential function that has the form:

p(1 + r)^x

Where:

  • r = percentage increase
  • x = number of years
  • p = present income

42,500(1  + 0.035)^x

Income after 5 years: 42,500(1  + 0.025)^5 = $48,084.85

To learn more about exponential functions, please check: https://brainly.com/question/26331578

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