Question The table shows the annual income of a small theater company. Year 0 1 2 3 4 Income ($) 18,250 18,730 19,210 19,690 20,170 What will be the annual income for the theater in year 7? *** For this problem, This can either be hand-written o\s showing YOUR work. ***
To find the annual income for year 7, we first need to determine the pattern of increase in income over the years.
From the given data, we can see that the income is increasing by $480 each year.
So, to find the income for year 7, we can use the formula:
Income for year 7 = Income for year 4 + (7-4) * $480
Income for year 7 = $20,170 + (7-4) * $480
Income for year 7 = $20,170 + 3 * $480
Income for year 7 = $20,170 + $1,440
Income for year 7 = $21,610
Therefore, the annual income for the theater in year 7 will be $21,610.