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Personal Finance
Salary and Pay Rates
Math and Arithmetic
Percentages, Fractions, and Decimal Values

What is the new rate of pay after receiving a 4 percent raise on current 8.50 per hour wage?

Answer

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Wiki User
October 26, 2007 5:01PM

How much is the pay increase? $4.00? If so, then $12.50. You need to give more info, or clarify it please.

This is simple math by multiplication ...

Take $8.50 times 0.04 which is 0.34 ... add 8.50 and 0.34 and the result is the new hourly wage, $8.84.