Bob has been working for a mortgage company for the last 14 years. When Bob first worked in the company, the company was paying him $12 per hour. This year, he makes $24 per hour. What is the average growth rate of his wage over the past 14 years?
A) 20 percent per year
B) 7 percent per year
C) 10 percent per year
D) 5 percent per year
Correct Answer:
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