Problem

If your current salary is $\$ 41$ per hour and you earn a $3 \%$ raise, what is your new hourly rate?
Round your answer to the nearest cent.

Answer

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Answer

\( \boxed{42.23} \)

Steps

Step 1 :Calculate the new hourly rate by multiplying the current salary by \(1.03\)

Step 2 :\( \text{new\_hourly\_rate} = 41 \times 1.03 \)

Step 3 :\( \text{new\_hourly\_rate} = 42.23 \)

Step 4 :Round the new hourly rate to the nearest cent

Step 5 :\( \text{rounded\_new\_hourly\_rate} = 42.23 \)

Step 6 :\( \boxed{42.23} \)

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