Tom Has Just Received A New Job Offer He Is Told That His Starting Salary Will B (1)

Tom has just received a new job offer. He is told that his starting salary will be $75,000.00 per year. He is also told that his salary with probably be $83,000.00 in four years. We will use this data to try to anticipate his future earnings in any given year. Assume that y= Tom’s salary amount in dollars and x= the number of years worked.

Step 1: Use the data given to find the rate of change, or the salary increase per year.

(Hint: compute the slope)

We are now going to use a line to model Tom’s salary growth.

Step 2: Use the data given and the slope value from Step 1 to write the slope-intercept form of the line.

Step 3: Based on your equation from Step 2, what will Tom’s salary be in ten years?

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