Question

Malik Brooks works 40 hours per week, 52 weeks each year for Metro Delivery. He earns $9.15 per hour. If Malik receives a 4.9% merit increase, what will his new hourly rate be?

Answer 1

His new hourly rate will be $9.60

Answer 2

New hourly rate of earning is $9.60

Explanation:

Malik Brooks works for Metro Delivery. He earns $9.15 per hour.

If Malik receives a 4.9% merit increase then we have to calculate his new hourly rate.

Malik's new hourly rate = Old rate + merit increase in earning

=$9.15 + 4.9% of $9.15

= $9.15 + $0.45

= $9.60

Therefore, Malik's new rate of earning will be $9.60 per hour.