You work for 5 hours and made $51 1/2 (or $51.50). How much money did you make each hour if you were paid the same amount each hour?
A. $92/5 or $9.40
B. $8 \frac{3}{10} or $8.30
C. $10^3 / 10 or $10.30
D. $61 / 2 or $6.50
Answer (2)
You made $10.30 each hour by dividing your total earnings of $51.50 by the 5 hours you worked. The calculation shows that your hourly rate is $10.30. Therefore, the correct answer is option C: $10^3 / 10 or $10.30.
;
Divide the total earnings by the number of hours worked.
Perform the calculation: 5 51.50 = 10.30 .
The amount made each hour is $10.30.
The final answer is 10.30
Explanation
Understanding the problem We are given that you worked for 5 hours and made $51.50. We want to find out how much you made each hour, assuming you were paid the same amount each hour.
Finding the hourly rate To find the amount earned per hour, we need to divide the total earnings by the number of hours worked. So, we will divide $51.50 by 5.
Calculating the result Let's perform the division: 5 51.50 = 10.30 This means you made $10.30 each hour.
Stating the answer Therefore, you made $10.30 per hour.
Examples
Understanding hourly wages is crucial in personal finance. For instance, if you're comparing two job offers, knowing your hourly rate helps you determine which job pays more over time. Additionally, calculating your hourly earnings can assist in budgeting and tracking your income to manage your finances effectively. This simple calculation is a fundamental aspect of financial literacy and helps in making informed decisions about employment and spending.
