Pay rise

Most pay rises are given in percentages.

Example

Anne sits using a calculator at her work desk checking out her payslip

Anne earns \pounds780 per month. She gets a pay rise of 3.8\%. Find her new annual pay. (Annual means per year).

Answer

First, find her original annual pay.

Annual Pay = \pounds780 \times 12 = \pounds9360

Then work out the pay rise.

Pay rise = 3.8\% of \pounds9360 = \pounds355.68

New Pay Per Year = \pounds9360 + \pounds355.68

New Annual Pay = \pounds9715.68