Question

Last year, Mrs. Lander's annual salary was $76,623. This year she received a raise and now earns $81,234 annually. She is paid bi-weekly. a.What was her bi-weekly salary last year? Round to the nearest cent. b. What was her bi-weekly salary this year? Round to the nearest cent. C. On a bi-weekly basis, how much more does Mrs. Lander earn as a result from her raise?

Answer 1

Mrs. Lander's annual salary of last year = $76,623

Mrs. Lander's annual salary for this year = $81,234

She is paid bi-weekly (2 times a week)

How many weeks are there in a year?

Yes, 52

Bi-weekly means 2 times a week so the total number of times

`52*2=104`

a. What was her bi-weekly salary last year?

`(\$76,623)/(104)=\$736.76`

b. What was her bi-weekly salary this year?

`(\$81,234)/(104)=\$781.10`

C. On a bi-weekly basis, how much more does Mrs. Lander earn as a result from her raise?​

We simply need to find the difference between the two salaries

`\begin{gathered} \text{difference}=\text{new salary}-\text{old salary} \\ \text{difference}=\$781.10-\$736.76 \\ \text{difference}=\$44.34 \end{gathered}`

Therefore, on a bi-weekly basis, Mrs. Lander earns $44.34 more as a result of her raise.