Respuesta :
We have been given that the HIM Supervisor conducted a timely performance evaluation for one of her employees and awarded the employee a 4% merit increase. The employee's hourly salary is presently $7.10. We are asked to find the hourly salary of the employee after this merit increase is applied.
To solve our given problem, we need to find 4% of present hourly salary and add it to hourly salary as:
[tex]\text{Hourly salary after the merit increase}=\$7.10+\$7.10\times \frac{4}{100}[/tex]
[tex]\text{Hourly salary after the merit increase}=\$7.10+\$7.10\times 0.04[/tex]
[tex]\text{Hourly salary after the merit increase}=\$7.10+\$0.284[/tex]
[tex]\text{Hourly salary after the merit increase}=\$7.384[/tex]
[tex]\text{Hourly salary after the merit increase}\approx \$7.38[/tex]
Therefore, the employee's hourly salary would be $7.38 after this merit increase is applied and option A is the correct choice.
Answer:
Option A) $7.38
Step-by-step explanation:
We are given the following in the question:
Merit increase = 4%
Current hourly salary = $7.10
Increase in salary =
[tex]4\%\times 7.10\\\\=\dfrac{4}{100}\times 7.10\\\\=0.284\$[/tex]
Salary after merit increase =
[tex]=7.10 + 0.284\\=7.384\\\approx \$7.38[/tex]
Thus, the correct answer is
Option A) $7.38
