Final answer:
The Double-Time Rate for an $8.00 hourly wage is $16.00. This is calculated by doubling the hourly wage. For a $10 hourly wage with a $2 raise, the growth rate would be 20%.
Step-by-step explanation:
The question you've asked is about calculating the Double-Time Rate if you earn $8.00 an hour. In many employment situations, the Double-Time Rate is twice the amount of the regular hourly wage. Therefore, if you are currently earning $8.00 an hour, your double-time rate would be $8.00 multiplied by 2.
Let's do the math:
- Regular hourly rate: $8.00
- Double-Time Rate: $8.00 × 2 = $16.00
If we were to apply this same formula to a situation where you're earning $10 per hour and receive a $2 per hour raise, the percentage change in your pay would be calculated as $2/$10 = 0.20, which equates to a 20% growth rate in pay.