You found a job that pays $15$15 per hour. After working for one year, you will get a 4%4% raise. What will be your new pay rate after one year?
4% of $15 = ( 15 divided by 100 x 4) = 0.6
And so 0.6 + the original 15 = the answer
It would be: Initial price + (Initial increased rate)
= 15 + (154%)
= 15 + (15 *0.04)
= 15 + 0.6 = 15.6
In short, Your Answer would be $15.6
Hope this helps!