James receives a pay increase of 100% per month and has a starting salary of $500.
<h3>What is an
equation?</h3>
An equation is an expression that shows the relationship between two or more numbers and variables.
Let b represent the rate of pay increase and a represent the initial pay.
Let us assume that he had received 128000 after the 8 months. hence:
128000 = ab⁸ (1)
Also in the 10th month, he had received 512000, hence:
512000 = ab¹⁰ (2)
From the both equations:
a = 500, b = 2
rate of increase = 200% - 100% = 100%
James receives a pay increase of 100% per month and has a starting salary of $500.
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Answer: it has a 20% increase
