Question

An employee makes $10.59 per hour but is getting a 4% increase. What is his new wage per hour to the nearest cent?

Answer 1

In order to calculate the new wage per hour, we just need to multiply the old value of $10.59 by 1.04, that is, an increase of 4%, so we have:

`10.59\cdot1.04=11.01`

So the new wage per hour is $11.01.