Question

Employee C is paid an hourly rate of $13.25 per hour and works 2,080 hours per year. The employee was just promoted and received a 15% raise. What is the employee's new yearly salary?

Answer 1

Answer:

$31,694

Step-by-step explanation:

Working 2080 hours at $13.25 per hour means the employee earns

13.25(2080) = $27560 per year.

After the employee receives a 15% raise, this will mean 100+15 = 115% of the current salary.  115% = 115/100 = 1.15; this gives us

1.15(27560) = 31694 per year