linear equation for the annual benefit in terms of age
Not what you're looking for?
56. If you earned an average of $25,000 over your working life and you retire after 2005 at age 62, 63, or 64, then your annual Social Security benefit will be $7,000, $7500, or $8000 respectively (www.ssa.gov). There is a linear equation that gives the annual benefit b in terms of age a for these three years. Find the equation.
Purchase this Solution
Solution Summary
The solution explains how to find the linear equation that relates the annual benefit after retirement with age in detail.
Solution Preview
Assume the equation is b=am+c
Now we substitute (62, 7000), (63, 7500), (64, 8000) into the ...
Purchase this Solution
Free BrainMass Quizzes
Multiplying Complex Numbers
This is a short quiz to check your understanding of multiplication of complex numbers in rectangular form.
Geometry - Real Life Application Problems
Understanding of how geometry applies to in real-world contexts
Know Your Linear Equations
Each question is a choice-summary multiple choice question that will present you with a linear equation and then make 4 statements about that equation. You must determine which of the 4 statements are true (if any) in regards to the equation.
Probability Quiz
Some questions on probability
Exponential Expressions
In this quiz, you will have a chance to practice basic terminology of exponential expressions and how to evaluate them.