3% raise is the same as multiplying your previous salary by a factor of 1.03 ("1" for the original salary, and "0.03" for the 3% raise).
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$8.72
A 2.5 percent raise is calculated by multiplying the current salary by 0.025. For example, if someone is earning $40,000 per year, a 2.5 percent raise would be $40,000 x 0.025 = $1,000. This means their new salary after the raise would be $41,000.
13.40 x 103% = 13.802 That will round to 13.80 as your result.
Joe's new wage per hour is $8.72
We make per hour 5.136