You earn $20.00 per hour at your job. If you get a 10% raise at the end of each year, what will your hourly rate, h, be after 8 years? Use the equation h=C (1+r) ^t, where C is the beginning hourly rate, r is the growth rate, and t is time in years.

A. $36.00

B. $22.00

C. $47.27

D. $42.87

Question

Maria Lambert

15 June, 13:11

+3

Answers (1)

Know the Answer?

Jon Blankenship · Answer 1

R is the rate (10%)

C=20, begiing rate

T=time=8

so

h=20 (1+0.10) ^8

h=20 (1.1) ^8

h=42.8718

ronnd

$42.87

D is answer

You earn $20.00 per hour at your job. If you get a 10% raise at the end of each year, what will your hourly rate, h, be after 8 years? Use the equation h=C (1+r) ^t, where C is the beginning hourly rate, r is the growth rate, and t is time in years.A. $36.00B. $22.00C. $47.27D. $42.87