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A bank tellers’ hourly wage will increase from $24 to $27.60. What percent increase does this represent? An employee’s salary for Alar Services is $37,500. Next year, she will get an 8% increase in salary. How much is her new salary?

Answer :

(a).A bank tellers’ hourly wage will increase from $24 to $27.60.

The increament n wage is

[tex](27.60-24)=3.6[/tex]

Therefore, the percent of increament is

[tex]\frac{3.6}{24}\times100=15[/tex]

Therefore, it represents 15% increament.

(b). An employee’s salary for Alar Services is $37,500. Next year, she will get an 8% increase in salary.

So, new salary is

[tex]37500+(37500\times\frac{8}{100})=40500[/tex]

Therefore, new salary is $40500.

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