Vicky starts a new job with an hourly pay of 7.15$. Suppose that her hourly pay increases by 5% each year. What will Vicky’s hourly pay be in 3 years

$8.28

Step-by-step explanation:

This is a compound growth problem.

The formula is:

Where F is the future amount (amount in 3 yrs)

P is the initial amount (here, it is 7.15)

r is the rate of growth, in decimal (5% means 5/100 = 0.05)

t is the time , in years ( t = 3)

Now, substituting, we find the hourly wage after 3 years:

Hence,

after 3 years, at 5% growth, the new hourly wage would be $8.28

to find the unit price, we must figure out the cost of one item (in this case one dish towel).   to do this, we divide the total price ($7.92) by the number of items bought (for this problem it is 8, because there are eight dish towels in one pack).  

$7.92/8 = $0.99

therefore, the unit price, or the price of one dish towel, is $0.99.

hope this !

answer: the answer is 35%