Question

Last year, James earned £1,100 per month. This year, he's had a 4% increase in his monthly pay. He worked 40 hours per week for 48 weeks in the year. What is James' average pay per hour this year? Give your answer to 2 dp.

Answer 1

A = £7.15 per hour

James' average pay per hour this year is £7.15 per hour

Explanation:

Given;

Last year pay = £1,100 per month

This year, he's had a 4% increase in his monthly pay

This year pay P = 1,100 + 4% of 1,100 = 1,100 +1,100(0.04)

This year pay P = £1,144 per month

Yearly pay Tp= 12 × P = 12 × £1,144 = £13,728

Number of hours worked this year;

He worked 40 hours per week for 48 weeks in the year

N = 40 hours per week × 48 weeks per year

N = 1920 hours per year

Average pay per hour this year A;

A = Yearly pay/Number of hours worked this year

A = Tp/N

A = £13,728/1920hours

A = £7.15 per hour

James' average pay per hour this year is £7.15 per hour