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You are paid hourly for your work at the local pet shop. Your current rate is $7.25 per

hour. If you receive a 2% raise, what is your new hourly rate?

1 Answer

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Final answer:

To find the new hourly rate after a 2% raise, multiply your current rate by 2%, then add the raise amount to your current rate.

Step-by-step explanation:

To find your new hourly rate after a 2% raise, you can follow these steps:

  1. Start with your current hourly rate: $7.25
  2. Calculate the raise amount by multiplying your current rate by 2%: $7.25 x 0.02 = $0.145
  3. Add the raise amount to your current rate to get the new hourly rate: $7.25 + $0.145 = $7.395

Therefore, your new hourly rate after a 2% raise would be $7.395.

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