Anand salary wad 55 per hour . He recieves an 8% raise In salary and work for 40 hours.If he saves 20% of the salary received,calculate the amount saved.
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Hourly salary = 55 (given)
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STEP 1: Find hourly salary after increment:
increment = 8% x 55 = 0.08 x 55 = 4.4
Hourly salary after increment = 55 + 4.4 = 59.4
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STEP 2: Find his total salary:
1 hour = 59.4
40 hours = 59.4 x 40 = 2376
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STEP 3: Find amount saved
Saved = 20% x 2376
Saved = 0.2 x 2376
Saved = 475.2
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Answer; Anand saved 475.2