Will you please explain how to setup and solve this equation. I did it two ways, and got the wrong answer. Thank you

Recall from the Prep Assignment and the Lesson that an exponential function has the form: y = a . b where: . a is the y-intercept...so (0,a) is on the graph. a is sometimes called the "starting value" . bis the growth multiplier, and b = 1 + r where r is the percent rate of growth, written in decimal form. . y is the output variable . a is the input variable Use these basic facts to complete the problems in this assignment. Score on last try: 0 of 1 pts. See Details for more. > Next question Try a similar question You can retry this question below Find the final hourly wage if a $11.50 starting wage is increased by 3 % each year for 10 years. The final wage is $ 14.95 X. Round answer to 2 decimal places