Pedro is retiring after working for 27 years at a major bank. The company offers him a flat monthly retirement benefit of $55 for each year
of service. What will his monthly pension be?

Respuesta :

Answer: $1485

Step-by-step explanation:

The formula for calculating monthly pension is Years of Service times the retirement benefit per year of service equals Pedro's monthly pension. Since Pedro has 27 years of service and his retirement benefit is $55 for each year of service, 27*55 is your equation. 27*55 equals 1485, which is Pedro's monthly pension.