Companies A and B each initially earn $18.00 per hour. If employee A receives a $1.50 per hour raise each year and Employee B receives a 4% raise each year, when will Employee B make more per hour than Employee A

Question

Mathematics

Rhett Levine

22 July, 11:53

Companies A and B each initially earn $18.00 per hour. If employee A receives a $1.50 per hour raise each year and Employee B receives a 4% raise each year, when will Employee B make more per hour than Employee A

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Miley Collier · Answer 1

Employee B will make more money in the third year Because in year third his/her % is going to increase up to 12%.

To find out multiply 18.00 the initial amount times 12% = $2.16