5) According to the Bureau of Labor Statistics, in 2016 the average national annual salary for an RN (Registered Nurse) was $68,450. Over the next several years, due to demand that average is expected to increase by $700 per year. a) Write an equation for S(x), the predicted average salary of an RN x years since 2016. b) In California, due to several factors, the average salary of an RN is about 20% higher than the national average. In 2021, what would the California average be predicted to be for an RN? heirw

College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter5: Exponential And Logarithmic Functions
Section5.2: Applications Of Exponential Functions
Problem 43E
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5) According to the Bureau of Labor Statistics, in 2016 the average national annual salary for an RN
(Registered Nurse) was $68,450. Over the next several years, due to demand that average is expected to
increase by $700 per year.
a) Write an equation for S(x), the predicted average salary of an RN x years since 2016.
b) In California, due to several factors, the average salary of an RN is about 20% higher than the national
average. In 2021, what would the California average be predicted to be for an RN?
heirw
Transcribed Image Text:5) According to the Bureau of Labor Statistics, in 2016 the average national annual salary for an RN (Registered Nurse) was $68,450. Over the next several years, due to demand that average is expected to increase by $700 per year. a) Write an equation for S(x), the predicted average salary of an RN x years since 2016. b) In California, due to several factors, the average salary of an RN is about 20% higher than the national average. In 2021, what would the California average be predicted to be for an RN? heirw
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