Financial Maths, STD1 F1 2024 HSC 4 MC (Adapted) Liam works at a cafe in Newcastle and earns $24 per hour. His hourly pay rate increases by 3%. How much will he earn for a 5-hour shift with this increase? $3.60 $24.72 $120.00 $123.60 Show Answers Only \(D\) Show Worked Solution \(\text{New hourly rate}=24\times 1.03=\$24.72\) \(\therefore\ \text{Shift earnings}=24.72\times 5=\$123.60\) \(\Rightarrow D\)