Question

An entry level position pays 8 dollars per hour. A 4% raise is given at the end of each year of employment. What would the pay be after 3 years?

Answer 1

8.00*(1.04)^3

(1.04)^3 is 1.04 cubed. Multiply it by the initial wage of $8.00/hr

Answer 2

Thanks i had an argument going the last time i posted this question. thanks again for the assurance.