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Okay sy match members third of five in this section

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Here we go here's the question Ellie has been working

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the same Job for the past 3 summers Each summer

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she's earned a ten percent raise her current wages Sixteen

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bucks an hour What was her hourly wage three summers

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ago Well let's see let's let x be eli's original

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hourly wage which we don't know yet when she first

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began working right someone's got to pay the rent for

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mom You know she's off gallivanting All right well after

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eli's first ten percent raise her new wage became acts

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that old wage plus point one ex writer one point

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one x and then each raise multiplies her Hey by

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one point one kind of compounds away right So since

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she had three raises while the equations here one point

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one time one point one one point one times x

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is sixteen so we got one point three three one

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x equals sixteen and we've gotta divide both sides by

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one point three three one and we get well Acts

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equal 16 of our hand and that's twelve point o

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too So eli's hourly wage three summers ago was twelve

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point Oh too And well the answer there is a

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and the finance e way to do this would have

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just been to take her current number sixteen dollars figure

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Put it in the numerator and divide by the number

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of previous years Calm pounded that you're going to do

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discount that money back to it's a discounted cash flow

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trick and that would have been one point One two

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The third power gets you the same answer but looks

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way cooler on a test All right that's it it's 00:01:37.124 --> [endTime] a twelve oh two

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