MrJoseph Recently Received a Notice That His Average Gas and Electric

question 9

Essay

Mr.Joseph recently received a notice that his average gas and electric bill would increase at the beginning of the year.He went online to see the amount of his last 12 bills.If his average bill over the past 12 months goes up 17%,what can he expect to pay on average next year? ​

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Definitions:

Income

The amount of money or its equivalent received during a period of time in exchange for labor or services, from the sale of goods or property, or as a profit from financial investments.

Wages

Payment usually received by an employee on a regular basis for services rendered to an employer, often quantified as an hourly, daily, or piecework amount.

Salaries

Regular payments made to employees for their labor, typically based on a fixed annual amount and paid in monthly or biweekly installments.

Rents

Refers to the amount of money paid periodically by a tenant to a landlord for the use of land or property.