Question

A worker is getting a 5.5% raise. His current salary is $41,465. How much will his raise be?

Answer 1

the increase = $2280.58

the new salary = $43745.58

Explanation:

Percent Increase = 5.5% raise

current salary = $41465

The increase in amount = Percent Increase × current salary

$\begin{gathered} \text{The raise in amount = 5.5\% }\times\text{ 41465} \\ \text{The raise in amount = 0.055 }\times\text{ 41465} \\ \text{The raise in amount = }2280.575 \\ \\ \text{The amount that will be added to the current salary = \ 2280.58 (nearest cent)} \end{gathered}$$\begin{gathered} \text{His new salary = current salary + increase in amount} \\ \text{His new salary = \ 41465 + 2280}.58 \\ \text{His new salary = \ }43745.58 \end{gathered}$