(a) Complete the table of Vears Year since 2003 Salary (S) 2003 $39,800 2004 2005 2006 2007 (b) Find an exponential growth model S() for Mariel's salary t years after 2003. st)- What is the growth factor? (e) Use the model found in part (b) to predict Mariel's salary in 2012, assuming that her salary continues to increase at the same rate. (Round your ans scatter plot of the data in the table.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Mariel teaches science at a community college in Arizona. Her starting salary in 2003 was $39,800, and each year her salary increases by 3%.
(a) Complete the table of Mariel's salary. (Round your answers to the nearest cent.)
Years
Year
since 2003
Salary (S)
2003
$39,800
2004
2005
2006
2007
(b) Find an exponential growth model S() for Mariel's salary t years after 2003.
st) -
What is the growth factor?
(c) Use the model found in part (b) to predict Mariel's salary in 2012, assuming that her salary continues to increase at the same rate. (Round your answer
d) Vse a graphing calculator to graph the model you found in part (b) together with a scatter plot of the data in the table.
Transcribed Image Text:Mariel teaches science at a community college in Arizona. Her starting salary in 2003 was $39,800, and each year her salary increases by 3%. (a) Complete the table of Mariel's salary. (Round your answers to the nearest cent.) Years Year since 2003 Salary (S) 2003 $39,800 2004 2005 2006 2007 (b) Find an exponential growth model S() for Mariel's salary t years after 2003. st) - What is the growth factor? (c) Use the model found in part (b) to predict Mariel's salary in 2012, assuming that her salary continues to increase at the same rate. (Round your answer d) Vse a graphing calculator to graph the model you found in part (b) together with a scatter plot of the data in the table.
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