Question

Mrs. Santos is paid semimonthly. Her semi-monthly salary is $2,533.55. What is her

Answer 1

Annual salary of Mrs. Santos is $\ 60805.2$

Solution:

Given that  

Mrs. Santos is paid semi-monthly.  

Semimonthly salary of Mrs. Santos = $\ 2,533.55$

Semi month = half of months  

$\Rightarrow$ 2 semi month forms a month

So one month salary of Mrs. Santos $\rightarrow 2 \times 2533.55=\ 5067.10$

We need to calculate annual salary.  There are 12 months in a year  

So, $\text { annual salary of Mrs. Santos }=12 \times \text { one month salary of Mrs. Santos }$

$\Rightarrow 12 \times \ 5067.10=\ 60805.2$

Hence annual salary of Mrs. Santos is $\ 60805.2$