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 2003-20-05-00-00_files/i0100000.jpg, 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