SOLUTION: If I make $12.50 an hour, and I get a 3.5% raise, how much will I be making then? If I get an additional 4% raise after that, how much will I be making then?

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: If I make $12.50 an hour, and I get a 3.5% raise, how much will I be making then? If I get an additional 4% raise after that, how much will I be making then?      Log On


   

Question 488437: If I make $12.50 an hour, and I get a 3.5% raise, how much will I be making then? If I get an additional 4% raise after that, how much will I be making then?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
If I make $12.50 an hour, and I get a 3.5% raise, how much will I be making then? If I get an additional 4% raise after that, how much will I be making then?
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start: 12.50
after 1st raise: 1.035*12.50 = 12.94
after 2nd raise: 1.04*123.94 = 13.46
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Cheers,
Stan H.