Question

juan earns $11.60 an hr. he gets a 10% raise eaxh year. what will his rate of pay be after two years?

Answer 1

10% of 11.60 is 1.60, which means that his first raise will make his rate $12.76 per hour. 10% of 12.76 is 1.276, but since were talking about money I’ll round that up to 1.28.

1.28 plus 12.76 is 14.04, so after two years his rate of pay would be $14.04 per hour