Answer:$1.25
Step-by-step explanation:
2 divided by 1.60=$1.25
3 divided by 2.40= $1.25
5 divided by 4.00= $1.25
8 divided by 6.40 = $1.25
Answer:
$7.62 per hour
Step-by-step explanation:
Since, Heather gets a raise every 3 months, in 2 years, she will get a raise 8 times (2years = 24 months, 24 divided by 3 is 8).
Now it becomes a compound growth problem. We can use the formula shown below to solve these type of problems.

Where,
- F is the future value (what we want to find)
- P is the present rate ($6.5)
- r is the rate of growth, in decimal (2% growth means 0.02)
- t is the time frame, number of times compounding occurs (for our case we have figured it to be 8)
<u>Now plugging in all the info, we get the value of F:</u>

Thus, after 2 years, Heather's hourly rate will be $7.62