When David started his first job, he earned $15 per hour and was promised an annual increment

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When David started his first job, he earned $15 per hour and was promised an annual increment (compounded) of 3.5%.

a. What is his hourly rate be in his 5th year?

After 5 years he was promoted. His hourly wage increased to $26 per hour, with the same compounded annual increment.

b. For how many more years will he need to work before his hourly rate reaches $30 per hour?

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Cambridge IGCSE And O Level Additional Mathematics

ISBN: 9781510421646

1st Edition

Authors: Val Hanrahan, Jeanette Powell

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Question Posted: Sep 02, 2021 01:08 AM

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When David started his first job, he earned $15 per hour and was promised an annual increment

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Cambridge IGCSE And O Level Additional Mathematics

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