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.
\( \boxed{42.23} \)
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 :\( \boxed{42.23} \)