Problem

Find the year in which the percentage of workers participating in a traditional pension wa...

Find the year in which the percentage of workers participating in a traditional pension was the same as the percentage participating in a defined contribution plan. What was that percentage? (Hint: Solve both the defined-benefits equation in Example 3 and the preceding traditional-pension equation for y. Set the results equal to each other and solve for x. Use this value of x to determine y.)

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