By using the concept of linear progression and some algebraic handling, we conclude that Joe will earn an amount of $ 31 700 in the 14th year.
How to determine the future income of a worker
According to the statement, we have a case of linear progression as income increases at same rate in time. Linear progressions are described by this formula:
c' = c + r · t (1)
Where:
- c - Initial amount
- c' - Current amount
- r - Increase rate
- t - Time
First, we calculate the increase rate:
r = (29 600 - 22 600)/10
r = 700
Now we proceed to find when Joe will earn an annual income of $ 31 700:
31 700 = 22 600 + 700 · t
t = 13
By using the concept of linear progression and some algebraic handling, we conclude that Joe will earn an amount of $ 31 700 in the 14th year.
To learn more on linear progressions: https://brainly.com/question/26955398
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