SOLUTION: An employees starting wage is $7.50 per hour. Find the hourly wage after 5 years if the total annual raise is 6% and the raise is given in 2 installments over the course of the yea

SOLUTION: An employees starting wage is $7.50 per hour. Find the hourly wage after 5 years if the total annual raise is 6% and the raise is given in 2 installments over the course of the yea

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Question 363686: An employees starting wage is $7.50 per hour. Find the hourly wage after 5 years if the total annual raise is 6% and the raise is given in 2 installments over the course of the year. Thank You
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
Hmm. I got a quick idea on how to do this, but not exactly sure if it will work:
.
Hope you can get something out of this.
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