SOLUTION: the hourly rate of your new job is $5.00 per hour. you expect a rise of 9% each year. at the end of the year, you receive your first raise. how much will you get paid after your 7t
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Question 951482: the hourly rate of your new job is $5.00 per hour. you expect a rise of 9% each year. at the end of the year, you receive your first raise. how much will you get paid after your 7th year? Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! the hourly rate of your new job is $5.00 per hour. you expect a rise of 9% each year. at the end of the year, you receive your first raise. how much will you get paid after your 7th year?
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Ans: 5(1.09)^7 = $9.14 per hour
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Cheers,
Stan H.
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