Question

An employee makes $13.49 per hour but is getting a 4% increase. What is his new wage per hour to the nearest cent?His new wage per hour is $(Type an integer or decimal rounded to two decimal places as needed.)

Answer 1

In order to calculate the new wage per hour, first let's calculate the increase by multiplying 4% (that is, 4/100) and 13.49:

`(4)/(100)\cdot13.49=(53.96)/(100)=0.54`

Now, let's add this value to the old wage per hour:

`13.49+0.54=14.03`

Therefore the new wage per hour is $14.03.