Ng, in
-From $1995 - 2005$ , the Hourly Pay for Lifeguards at an Outdoor Swimming

Multiple Choice

ng, in
-From $1995 - 2005$ , the hourly pay for lifeguards at an outdoor swimming pool increased by $2 \%$ per year. The hourly pay, $P ( t )$ , in dollars, $t$ yr after 1995 is given by $P ( t ) = 5.60 ( 1.02 ) ^ { t }$ . What was the hourly pay for the lifeguards in 2,001 ?

A) $\$ 6.43$
B) $\$ 6.31$
C) $\$ 6.18$
D) $\$ 6.27$