Question

Jim gets $14.80 an hour. He gets a 10% raise every year. What is his rate of pay after two years

Answer 1

14.80 x .10 = 1.48

14.80 + 1.48 = 16.28

16.28 x .10 = 1.628 round up to 1.63

16.28 + 1.63 = 17.91