the rate of growth will be 1.16
-7x^2 - 6x^2 + 3x + 5x - 5 + 2
-13x^2 + 8x - 3
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
Answer:
$36
Step-by-step explanation:
Use the simple interest formula, I = prt
Plug in the interest rate, original amount of money, and number of years:
I = prt
I = (150)(0.08)(3)
I = 36
So, $36 in interest would be made