Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Discover in-depth answers to your questions from a wide network of experts on our user-friendly Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

A Union worker is to see an increase in pay of 2.5% per year next year. Her salary is $41,000/yr. If inflation was predicted to be 1.9% for the upcoming year, how much more purchasing power would she have in dollars next year?

Sagot :

Answer:

i need points rq thanks so much

Step-by-step explanation:

imma go waste these points now

She'll have $246 more purchasing power.

Current salary per year = $41000

Next year salary = $41000 × (2.5% × $41000)

= $41000 + (0.025 × $41000)

= $41000 + $1025

= $42025

Effect of Inflation will be:

= $41000 + (1.9% × $41000)

= $41000 + (0.019 × $41000)

= $41000 + $779

= $41779

Therefore, the difference will be:

= $42025 - $41779

= $246

Read related link on:

https://brainly.com/question/21659608