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Jennifer started working at her job earning $6.25 per hour. Every 6 months she gets a 3.25% raise. If Jennifer has worked at her job for 14 years, what is her hourly rate?

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sqdancefan

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Answer:

  $15.30

Step-by-step explanation:

After 14 years on the job, Jennifer will have received 28 raises. Her hourly salary is ...

  $6.25×(1 +0.0325)^28 = $15.30 . . . hourly rate

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