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Alinara [238K]
3 years ago
15

From 1995-2005, the hourly pay for lifeguards at an outdoor swimming pool increased by 2% per year. The hourly pay, P(t), in dol

lars, t yr after 1995 is given by P(t)=5.60(1.02)t. What was the hourly pay for the lifeguards in 2,001?
Mathematics
1 answer:
12345 [234]3 years ago
7 0

Answer:

The hourly pay for the lifeguards in 2001 was of $6.31.

Step-by-step explanation:

The hourly pay, in dollars, in t years after 1995, is given by the following equation:

P(t) = 5.60(1.02)^{t}

What was the hourly pay for the lifeguards in 2,001?

2001 is 2001 - 1995 = 6 years after 1995. So this is P(6).

P(t) = 5.60(1.02)^{t}

P(6) = 5.60(1.02)^{6} = 6.31

The hourly pay for the lifeguards in 2001 was of $6.31.

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