You earn $21.00 per hour at your job. If you get a 9% raise at the end of each year, what will your hourly rate, h, be after 5 years? Use the equation 2003-20-05-00-00_files/i0190000.jpg, where C is the beginning hourly rate, r is the growth rate, and t is time in years.
A.
$30.45
B.
$32.31
C.
$34.70
D.
$40.00

Question

You earn $21.00 per hour at your job. If you get a 9% raise at the end of each year, what will your hourly rate, h, be after 5 years? Use the equation 2003-20-05-00-00_files/i0190000.jpg, where C is the beginning hourly rate, r is the growth rate, and t is time in years.
A.
$30.45
B.
$32.31
C.
$34.70
D.
$40.00

campbell_st · Answer

well try 

H = 21(1 + 0.09)^5

that should get the answer for you