You earn $15.00 per hour at your job. If you get a 15% raise at the end of each year, what will your hourly rate, h, be after 6 years? Use the equation h=C(1+r)^t where C is the beginning hourly rate, r is the growth rate, and t is time in years.

A.$28.50

B.$35.00

C.$34.70

D.$90.00

ITS NOT B

Correct Answer: Option C) $34.70

Initial salary = C = $15
Raise rate = r = 15% = 0.15
Time = t = 6 years
Hourly rate after 6 years is h and can be calculated as:

[tex]h=C(1+r)^{t} [/tex]

Using the values, we get:

[tex]h=15(1+0.15)^{6} \\ \\ h=34.70[/tex]

Therefore, the hourly rate after 6 years will be $34.70

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You earn $15.00 per hour at your job. If you get a 15% raise at the end of each year, what will your hourly rate, h, be after 6 years? Use the equation h=C(1+r)^t where C is the beginning hourly rate, r is the growth rate, and t is time in years. A.$28.50 B.$35.00 C.$34.70 D.$90.00 ITS NOT B

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You earn $15.00 per hour at your job. If you get a 15% raise at the end of each year, what will your hourly rate, h, be after 6 years? Use the equation h=C(1+r)^t where C is the beginning hourly rate, r is the growth rate, and t is time in years.

A.$28.50

B.$35.00

C.$34.70

D.$90.00

ITS NOT B