Mathematics: The average annual salary for a teacher nationally is $58,353. This is projected to increase 2% per year for the next 4 years. What will your projected annual salary be in four years?

True because the only thing he is doing is flipping a coin which is simple....

The average annual salary for a teacher nationally

saskiat8549

21.01.2022

$\$63,163.16$

Step-by-step explanation:

we know that

The equation of a exponential growth function is equal to

y=a(1+r)^x

where

y is the average annual salary

x is the number of years

r is the rate of change

a is the initial value

In this problem we have

$a=58,353\\r=2\%=2/100=0.02$

substitute

y=58,353(1+0.02)^x

y=58,353(1.02)^x

For x=4 years

$y=58,353(1.02)^4=\$63,163.16$

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