Ask question

Ask question

All categories

2 years ago

9

Compare a pay increase to the inflation rate. Assume that the inflation rate for the past year was 4 percent. You are worried th

at your pay is not keeping pace with your cost of living. Your average net pay this year is $2,225 per month. It was $2,176 last year. Based on this information, your average net pay per month increased ______________ %. (Round your answer to one decimal place.)

2 answers:

Hoochie [10]2 years ago

8 0

The New pay in current year is = $ 2225

The old pay in the last year was = $ 2176

percentage (%) increase formula = (new value- old value ) *100 / old value

which becomes,,

$\frac{2225-2176}{2176} *100$

which equals to 2.3% .

Hence, the average net pay per month increased is 2.3% .

Novosadov [1.4K]2 years ago

4 0

Answer:

percentage increase in salary = 2.3%

Step-by-step explanation:

given data:

This year monthly pay $2225

last year monthly pay $2176

change in monthly salary is = this year salary - last year salary

= 2225 - 2176 = 49

average average net pay increase in month is given as

percentage increase $= \frac{change\ in\ monthly\ salary}{last\ year\ salary} \100$

percentage increase in salary $= \frac{49}{2176} \times 100$

percentage increase in salary = 2.3%

You might be interested in

A taxi cab in myrtle beach charges $2 per mile and $1 for every person. If a taxi cab ride for two people costs $12, how far did

oksian1 [2.3K]

Answer:

5 Miles

Step-by-step explanation:

5 Miles = 1 Miles = $2 X 5 = $10

1 Person = $1

Therefore 2 People = $1 X 2

7 0

2 years ago

Select the correct interpretation of the probability of getting an 11 when a pair of dice is rolled. Interpret an event as signi

klio [65]

Answer:

c. Not significant at .055

Step-by-step explanation:

When a pair of dice is rolled, we have 6²=36 possible outcomes. Only 2 of these outcomes have a total score of 11:

When the first dice is 5 and the second is 6.
When the first dice is 6 and the second is 5.

Then, we can calculate the probability of getting 11 as the quotient between the successs outcomes and the total outcomes.

Then, the probability of getting 11 is:

$P=\dfrac{X}{N}=\dfrac{2}{36}=0.055$

This probability is not equal or less than 0.05, so it is not significant at 0.055.

3 0

2 years ago

Joining the frequent visitor program at the planetarium costs $5 per year, write an equation that can be used to determine n, th

Andrej [43]

11n + 5 = 13n <== ur equation

7 0

2 years ago

The ratio of the number of student in mr. Moore’s class compared to the number of student in miss Henry’s class is 5:4. The rati

Ahat [919]

Answer:

10:9

Step-by-step explanation:

First ratio is 5:4. 4 is equal to Henry class

If you múltiply the ratio by 2 you get

10:8, This ratio can be compared because now Henry class has 8

2(5:4)

10:8

8:9

Meaning that the answer is 10:9

7 0

2 years ago

What is the recursive rule for an=4n−1? a1=4;an=an−1−1 a1=3;an=an−1+4 a1=−1;an=an−1+4 a1=3;an=an−1−1

navik [9.2K]

Plug in n = 1 into the nth term formula
a(n) = 4n-1
a(1) = 4*1-1
a(1) = 3
So the first term is 3

The second term will be 7 because we add on 4 each time, as indicated by the slope of 4. This is also known as the common difference.

So the nth term is found by adding 4 to the (n-1)st term, in other words,
a(n) = a(n-1)+4

----------------------------------------------------------------------------

In summary, the answer is
a1=3; an=an-1+4
which is choice B

4 0

2 years ago

Read 2 more answers