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Phillip works in Ukraine and received a promotion at work. His pay raise is 8% of his current annual salary of 1,680,579 Hr. What is Phillip's new salary?Group of answer choices134,446.32 Hr per year13,444,632 Hr per year1,815,025.32 Hr per year1,546,1

Question

Phillip works in Ukraine and received a promotion at work. His pay raise is 8% of his current annual salary of 1,680,579 Hr. What is Phillip's new salary?Group of answer choices134,446.32 Hr per year13,444,632 Hr per year1,815,025.32 Hr per year1,546,1

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Solution

To calculate Phillip's new salary, we first need to find out how much his pay raise is.

Step 1: Calculate the pay raise Phillip's pay raise is 8% of his current annual salary. To calculate this, we multiply his current salary by 8% (or 0.08).

1,680,579 Hr * 0.08 = 134,446.32 Hr

Step 2: Add the pay raise to the current salary Next, we add the pay raise to his current salary to find out his new salary.

1,680,579 Hr + 134,446.32 Hr = 1,815,025.32 Hr

So, Phillip's new salary is 1,815,025.32 Hr per year.

This problem has been solved

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