Question

A bank tellers’ hourly wage will increase from $24 to $27.60. What percent increase does this represent? An employee’s salary for Alar Services is $37,500. Next year, she will get an 8% increase in salary. How much is her new salary?

Answer 1

(a).A bank tellers’ hourly wage will increase from $24 to $27.60.

The increament n wage is

`(27.60-24)=3.6`

Therefore, the percent of increament is

`(3.6)/(24)*100=15`

Therefore, it represents 15% increament.

(b). An employee’s salary for Alar Services is $37,500. Next year, she will get an 8% increase in salary.

So, new salary is

`37500+(37500*(8)/(100))=40500`

Therefore, new salary is $40500.