To calculate an hourly rate from a monthly salary, we need to make a few assumptions about work hours. Typically, a full-time job is around 40 hours per week, and there are about 4.33 weeks per month. Let’s calculate step by step.
- Monthly salary: $5,000
- Hours per week: 40
- Weeks per month: 4.33
Step 1: Calculate total hours per month 40 hours/week×4.33 weeks/month=173.2 hours/month40 \text{ hours/week} \times 4.33 \text{ weeks/month} = 173.2 \text{ hours/month}40 hours/week×4.33 weeks/month=173.2 hours/month
Step 2: Divide monthly salary by hours per month $5,000÷173.2≈$28.87 per hour\$5,000 ÷ 173.2 ≈ \$28.87 \text{ per hour}$5,000÷173.2≈$28.87 per hour
✅ So, $5,000 a month is roughly $28.87 per hour.