Andreaobando832 Andreaobando832

05-05-2022
Mathematics

contestada

David currently earns $25.00 per hour. He receives a 5% raise each year. He
wants to know how many years it will be until he is earning more than $30.00
per hour.

Respuesta :

jsimpson11000 jsimpson11000

05-05-2022

Answer:

4 years

Step-by-step explanation:

30 = 25 ( 1.05)^n

1.2 = 1.05^n

log 1.2 / log 1.05 = n years = 3.73 ~ 4 years

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