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In 1991, the federal minimum wage rate was $4.25 per hour. In 1997, it was increased to $5.15. Find the annual rate of change in the federal minimum wage rate from 1991 to 1997.
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Hi I can't remember how to figure this out. Can you give me an idea? In 1970, the minimum wage was $1.60 per hour. In 2000, the minimum wage was $5.15 per hour. When will the minimum wage be $7.50 per hour?
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