Taylor currently earns $24.00 an hour at her job. Thanks to her hard work, her boss is going to give her a 15% raise. Taylor thinks that this means she will earn about $40.00 an hour. Is Taylor's estimate reasonable?
To determine if Taylor's estimate is reasonable, let's calculate her new hourly wage after the 15% raise.
15% of $24.00 is (15/100) * $24.00 = $3.60
Taylor's new hourly wage is $24.00 + $3.60 = $27.60
Based on this calculation, Taylor's estimate of earning about $40.00 an hour after a 15% raise is not reasonable.