Question

William is making $12 per hour. Next month he will get a 5% increase in his hourly pay rate. What will his new hourly pay rate be next month?

Answer 1

$12.60/hour

Explanation:

His salary now is 100% of his salary.

After a 5% percent, his salary will be 105% of his current salary.

105% of $12/hour = 1.05 × $12/hour = $12.60/hour