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Along with the new collective bargaining agreement, a new way of processing increments has also become effective. . 6 7 1 % will be added

Along with the new collective bargaining agreement, a new way of processing
increments has also become effective. .671% will be added to the hourly rate, on the
first day of each month, creating a new hourly rate for that particular month. However,
the employees increase in wages cannot exceed more than 4.7% in any one year.
a) What is the employees hourly salary rate in the 5th month when their original
salary was $22.377 per hour?
b) What is the employees hourly rate in the 10th month?

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