Question

Jack is currently making $14.32 per hour. His company just announced that everyone is getting a 7.2% raise. What will be Jack's hourly rate after his raise?

Answer 1

$15.35104

Explanation:

Step 1

Calculate how much is 7.2% raise

$14.32 × 7.2%

= $14.32 × 7.2/100

=$ 1.03104

Step 2

Jack's hourly rate after his raise is

$14.32 + $ 1.03104

= $15.35104