2. Luke earns a monthly salary of $1250 and his manager offers him a 4.5% raise. What is Luke's new monthly salary?

Question

$56.25

b) $562.50

c) $1812.5

$1306.25

Answer 1

To calculate Luke's new monthly salary after a 4.5% raise, you can follow these steps:

1. Calculate the amount of the raise: \[ \text{Raise} = \text{Current Salary} \times \left(\frac{\text{Percentage Raise}}{100}\right) \] \[ \text{Raise} = 1250 \times \left(\frac{4.5}{100}\right) = 1250 \times 0.045 = 56.25 \]

2. Add the raise to the current salary: \[ \text{New Salary} = \text{Current Salary} + \text{Raise} \] \[ \text{New Salary} = 1250 + 56.25 = 1306.25 \]

So, Luke's new monthly salary will be $1306.25.