Question

Carol's starting pay for her summer job is $10.25 per hour. Carol earns exactly 3 raises this summer.

Answer 1

She starts off with $10.25 and gets a raise of $0.50, so she earns $10.75 per hour. Then she gets a raise of 10%, so then 10.75 x 0.10 = 1.075, so she earns $11.825 per hour. Then her third raise is $0.50 so she earns $12.325 per hour. The raise for next summer is 5%, so 12.325 x 0.05 = 0.61625, so she earns $12.94125.
She will earn about $12.94 per hour starting off next summer.