wangs pay is $20 per hour. He receives a 5% pay raise. How could he calculate his hourly pay rate
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it is already given that he earns $20 per hour and we have to just increase it by 5%and answer will come
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He can calculate his new hourly pay rate by adding the 5% of his current pay rate to his current pay rate itself.
• Given data :
His current pay rate is $20.
The increase percentage is 5%.
• So,first we have to calculate the increased amount of his pay rate :
= 20×5/100
= $ 1
• Now, we have to calculate his new pay rate by using the following mathematical formula :
= his previous pay rate + increased amount
= $20 + $1
= $21
By,the above mentioned mathematical elaboration,he can easily calculate his increased pay rate which is $21. (Answer)
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