asked 108k views
1 vote
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David is a plant manager at South Salem Construction
Company. He has been employed there for 25 years
and will be retiring at the end of this year. His pension
is calculated on the average of his last 4 years' salaries.
In those years, he earned $92,000; $95,000; $115,000;
and $119,000. His employer will credit him 1.25% of
that average for each year he worked. Calculate David's
pension

asked
User Anouchka
by
8.9k points

1 Answer

4 votes

Answer:

every year with the credit will be 8,200

Explanation:

so if you add his money from the four years and divide that by 4 you would get 105,250 and if you divide that by 1.25 you get 8,200

answered
User Daniel Gabor
by
7.4k points
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