SOLUTION: A man earns P9,540.00 a month. If he receives 5 1/2% raise of salary. What is his monthly earning?

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Question 1094950: A man earns P9,540.00 a month. If he receives 5 1/2% raise of salary. What is his monthly earning?

Answer by ikleyn(52814) About Me  (Show Source):
You can put this solution on YOUR website!
.
New monthly earning = P 9540 * (1 + 0.055) = P 10,064.70.

Notice that  0.055 = 5.5%,  which is your given raise.