The salary needed to be made in 2021 in order to keep up with the inflation is $126710.92
An equation is an expression that shows the relationship between two or more variables and numbers.
Let y represent the money needed to keep up x years since 2012. Since the inflation is 6%, hence:
y = 75000(1.06)ˣ
in the year 2021, x = 9:
y = 75000(1.06)⁹ = 126710.92
The salary needed to be made in 2021 in order to keep up with the inflation is $126710.92
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