Annual salary of Mrs. Santos is [tex]\$60805.2[/tex]
Solution:
Given that
Mrs. Santos is paid semi-monthly.
Semimonthly salary of Mrs. Santos = [tex]\$2,533.55[/tex]
Semi month = half of months
[tex]\Rightarrow[/tex] 2 semi month forms a month
So one month salary of Mrs. Santos [tex]\rightarrow 2 \times 2533.55=\$ 5067.10[/tex]
We need to calculate annual salary. There are 12 months in a year
So, [tex]\text { annual salary of Mrs. Santos }=12 \times \text { one month salary of Mrs. Santos }[/tex]
[tex]\Rightarrow 12 \times \$ 5067.10=\$ 60805.2[/tex]
Hence annual salary of Mrs. Santos is [tex]\$60805.2[/tex]
