The table lists data regarding the average salaries of several professional athletes in the years 1991 and 2001

Year  1991 average salary  $267,000               year 2001 average salary $1430000
in Algebra 1 Answers by

Your answer

Your name to display (optional):
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Answer

No question has been asked.

The growth in 10 years is 1430000/267000=5.3558 approx.

The annual increase is given by (1+r)¹⁰=5.3558, where r is the annual rate.

Take the tenth root of each side: 1+r=1.1827 so r=18.27% per year.

 

by Top Rated User (1.1m points)

Related questions

1 answer
The mean score for student-athletes is 947 with a standard deviation of
asked Apr 25, 2014 in Statistics Answers by anonymous | 1.3k views
2 answers
Which average best represents the Data ?
asked Apr 26, 2012 in Word Problem Answers by anonymous | 1.3k views
1 answer
write an equation that can be used to medel the data in table.
asked Dec 18, 2014 in Pre-Algebra Answers by donnalee313 Level 1 User (120 points) | 527 views
Welcome to MathHomeworkAnswers.org, where students, teachers and math enthusiasts can ask and answer any math question. Get help and answers to any math problem including algebra, trigonometry, geometry, calculus, trigonometry, fractions, solving expression, simplifying expressions and more. Get answers to math questions. Help is always 100% free!

Most popular questions within the last 3000 days

  1. 50+50-25X0+2+2= (19)
  2. it takes 10 road workers 5 days to complete a road repair when working 2 hours a day.Working at the same pace,how many days will it take 2 people working 5 hours a day to finish it? (3)
  3. complete the following. 825 use each digit once .make the two smallest 3 digit numbers and two largest 3-digit number (2)
  4. Solve 15 -1(12÷4+1)? (4)
  5. 8:4(5+2) (3)

Most popular tags

87,542 questions
99,771 answers
2,417 comments
507,084 users