Employees of a publishing company received an increase in salary of 7% plus a bonus of $700. Let S(x) = 1.07x + 700 represent the new salary in terms of the previous salary x. Find and interpret S(13,000).
A) $13,700; If an employee's old salary was $13,000, then his/her new salary was $13,700 after the increase and bonus.
B) $11,495; If an employee's old salary was $11,495, then his/her new salary was $13,000 after the increase and bonus.
C) $14,610; If an employee's old salary was $13,000, then his/her new salary was $14,610 after the increase and bonus.
D) $22,800; If an employee's old salary was $22,800, then his/her new salary was $13,000 after the increase and bonus.

Question

Quizplus · Accepted Answer

To find the new salary, substitute $13,000 into the given formula: S(13,000) = 1.07(13,000) + 700 = $14,610. This means an employee's new salary, after a 7% increase and a $700 bonus on a $13,000 salary, is $14,610.

Employees of a Publishing Company Received an Increase in Salary