The difference in the pay rate of Phoebe in 5 years will be $11850
<h3>How to calculate the pay? </h3>
Your information is incomplete. Therefore, an overview will be given. Let's assume that the pay rate is $20000. When there is a 5% increase, the new pay rate will be:
= $20000 + (5% × $20000)
= $20000 + $1000
= $21000
When there is $0.75 increase per hour, the new pay rate on 5 years will be:
= (0.75 × 43800)
= $32850
The difference will be:
= $32850 - $21000
= $11850
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