QuestionJoe's income grows yearly. It was \$15,000 in year 1 and \$19,400 in year 5. When was it \$26,000?

Studdy Solution
Calculate the year in which Joe's income was $26,000.
$$Year =1 + \frac{\$26,000 - \$15,000}{\$1,100} =11$$Joe's income was $26,000 in the11th year.