You earn $20.00 per hour at your job. if you get a 10% raise at the end of each year, what will your hourly rate, h, be after 8 years? use the equation h=c(1+r)^t, where c is the beginning hourly rate, r is the growth rate, and t is time in years.
a. $36.00
b. $22.00
c. $47.27
d. $42.87