Heather makes $6.50 per hour. every three months, she is eligible for a 2% raise. how much will she make after 2 years if she gets a raise every time she is eligible?

Heather gets $6.76 after 2 years

Compound interest is the cumulative sum of the principal and the accumulated interest

Initial earnings = $6.50

Number of months in two years = 24

Heather gets a 2% raise every 3 months

Number of times Heather gets a 2% raise = 24/3

Number of times Heather gets a 2% raise = 8

Rate = 2% = 0.02

The amount she gets after 2 years will be:

Heather gets $6.76 after 2 years

Learn more on compound interest here: link

$7.62 per hour

Step-by-step explanation:

Since, Heather gets a raise every 3 months, in 2 years, she will get a raise 8 times (2years = 24 months, 24 divided by 3 is 8).

Now it becomes a compound growth problem. We can use the formula shown below to solve these type of problems.

Where,

Now plugging in all the info, we get the value of F:

Thus, after 2 years, Heather's hourly rate will be $7.62

tube or goog would be a great resource to with that question

graph them on a graphing calculator, press 2nd trace. select intersect. hit enter until it says answer. ti 84 works best

step-by-step explanation: