Answer:
Mr. and Mrs. Jones retirement income will be $32,000
Step-by-step explanation:
Hello, great question. These types are questions are the beginning steps for learning more advanced Algebraic Equations.
According to the question the couples last pre-retirement earnings were $47,000. Since they plan on retiring with 70% percent of their pre-retirement earnings, this means we need to multiply their pre-earnings by 70% in decimal form.
So, the first thing we need to do is turn 70% into a decimal by moving the decimal two digits to the left.
70.0% ⇔ 0.70
Now we multiply 0.70 by $47,000 to find their retirement income.
[tex]r = 47,000 * 0.70[/tex]
[tex]r = 32,900[/tex]
Finally, we can see that Mr. and Mrs. Jones retirement income will be $32,000
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
