question archive This year, Baldwin paid their workers $26
Subject:FinancePrice:2.87 Bought7
This year, Baldwin paid their workers $26.81 per hour. How much will they be paying them 3 rounds from now?
Select : 1
Answer:
Paying Amount = $31.04
Explanation is given below:
Step-by-step explanation
You did not specify the annual raise wage rate
Let us to be suppose Annual Raise in wage rate is 5%
Baldwin paid = $26.81 per hour
Paying 3 rounds
Paying Amount =26.81*(1+5%)^3
Paying Amount = $31.04