SOLUTION: Juan earns $14.90 an hour. He gets a 10% raise each year. What will his rate of pay be after two years? Round your answer to the nearest cent. i got 17.39

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Juan earns $14.90 an hour. He gets a 10% raise each year. What will his rate of pay be after two years? Round your answer to the nearest cent. i got 17.39      Log On


   

Question 1067559: Juan earns $14.90 an hour. He gets a 10% raise each year. What will his rate of pay be after two years?
Round your answer to the nearest cent. i got 17.39
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
After the 1st yr,
+14.9+%2B+.1%2A14.9+=+14.9%2A1.1+
After the 2nd yr,
+14.9%2A1.1+%2B+14.9%2A1.1%2A+.1+
+14.9%2A1.1%2A%28+1+%2B+.1+%29+
+14.9%2A1.1%5E2+
You can do the calculation