Suppose you earn $6 per hour at your part-time job. What will your new hourly rate be after a 2.5% raise?

Please explain.

Let if you earn $100 per hour a raise of 2.5% means you will get $102.5. i.e 102.5% of earlier. in case of $6, it will be its 102.5%, = 102.5*6/100 = $6.15 per hour.

Answered by here2help | 2024-06-10

To calculate a 2.5% raise on a $6 per hour wage, multiply $6 by 0.025 to find the raise amount ($0.15), and then add it to the original wage to get the new hourly rate, which would be $6.15 per hour.

If you are currently earning $6 per hour and receive a 2.5% raise, you can calculate your new hourly rate by first determining the amount of the raise and then adding it to your original hourly rate. To calculate the raise, multiply your current hourly rate by the raise percentage in decimal form which is 0.025 (2.5% = 2.5/100 = 0.025).
The calculation for the raise would be: $6 times 0.025 = $0.15 per hour.
Now, add the raise to your current hourly rate to find the new rate: $6 + $0.15 = $6.15 per hour.
Your new hourly rate after a 2.5% raise would be $6.15 per hour.

Answered by NikhilKum | 2024-06-24

After a 2.5% raise on your current hourly rate of $6, you will earn an additional $0.15 per hour. Therefore, your new hourly rate will be $6.15. This calculation involves finding 2.5% of your current rate and adding that to the original amount.
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Answered by here2help | 2025-02-12