How much is a 2% raise?

Question

I make 11.54 an hour, and my boss just told me that starting october I'll get a 2% raise....how much would that be? i claculated and i think it's 11.77 an hour, i don't know if that's correct or not?

Answer 1

you are RIGHT :-) 11.54x.02=.2308+11.54=11.7708

Answer 2

I think it's a little less then 11.77. try asking your boss.

Answer 3

Yeah, I did the math ( 11.54 *.02=0.2308+11.54=11.7708)

So 11.77

Good luck with ur job!

Answer 4

That is not a good raise. It's 23 cents an hour more. It's $9.20 more a week (if you work a 40 hr week) and $478.40 a year.

I'd push for at least a .50 cent raise if I were you.  

Answer 5

You are correct. 11.54 * 1.02 = 11.7708

Answer 6

you're right! :)

Answer 7

just enough to keep up with inflation is all.  

Answer 8

I would not pay any attention to what the last person wrote.  A raise is a raise!  Congratulations!  Usually a percentage raise is made to your salary or annual salary amount instead of your hourly rate. Either way, you're going to make $36.92 more a month and 443.14 more a year.  Just remember that every raise from now on will be more than the last even if it stays at 2% increases.  

Answer 9

its £11.77 per hour

hope this helps,

george