You found a job that pays $12 per hour. After working for one year, you will get a 4% raise. What will be your new pay rate after one year?

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11-12-2015
Mathematics

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You found a job that pays $12 per hour. After working for one year, you will get a 4% raise. What will be your new pay rate after one year?

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11-12-2015

Answer=$12.48 per hour

If you get a 4% raise in a year, then after one year you'll be getting paid 104% of what you make currently.

104%=1.04

Currently you make $12 per hour

$12per hour*1.04=$12.48per hour

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