At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Connect with a community of experts ready to help you find solutions to your questions quickly and accurately. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
To determine the amount of the hourly raise, follow these steps:
1. Identify the current hourly wage: The worker currently earns [tex]\(\$27.50\)[/tex] per hour.
2. Convert the percentage to a decimal: The pay raise is given as [tex]\(7 \frac{1}{2} \%\)[/tex]. To convert this percentage into a decimal:
[tex]\[ 7 \frac{1}{2} \% = 7.5\% = \frac{7.5}{100} = 0.075 \][/tex]
3. Calculate the hourly raise: Multiply the current hourly wage by the decimal form of the percentage raise to find the increase in the hourly wage.
[tex]\[ \text{Hourly Raise} = 27.50 \times 0.075 \][/tex]
4. Perform the multiplication:
[tex]\[ 27.50 \times 0.075 = 2.0625 \][/tex]
5. Round to the nearest cent: Since financial calculations are generally rounded to the nearest cent, round [tex]\(2.0625\)[/tex] to the nearest hundredth.
[tex]\[ 2.0625 \approx 2.06 \][/tex]
Thus, the amount of her hourly raise is [tex]\(\$2.06\)[/tex].
1. Identify the current hourly wage: The worker currently earns [tex]\(\$27.50\)[/tex] per hour.
2. Convert the percentage to a decimal: The pay raise is given as [tex]\(7 \frac{1}{2} \%\)[/tex]. To convert this percentage into a decimal:
[tex]\[ 7 \frac{1}{2} \% = 7.5\% = \frac{7.5}{100} = 0.075 \][/tex]
3. Calculate the hourly raise: Multiply the current hourly wage by the decimal form of the percentage raise to find the increase in the hourly wage.
[tex]\[ \text{Hourly Raise} = 27.50 \times 0.075 \][/tex]
4. Perform the multiplication:
[tex]\[ 27.50 \times 0.075 = 2.0625 \][/tex]
5. Round to the nearest cent: Since financial calculations are generally rounded to the nearest cent, round [tex]\(2.0625\)[/tex] to the nearest hundredth.
[tex]\[ 2.0625 \approx 2.06 \][/tex]
Thus, the amount of her hourly raise is [tex]\(\$2.06\)[/tex].
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.