To calculate the percentage increase in your salary, you can use the following formula:
Percentage Increase = ((New Salary – Old Salary) / Old Salary) × 100
In your case, the old salary is 2200, and the new salary is 2376. Plugging in these values:
Percentage Increase = ((2376 – 2200) / 2200) × 100
This simplifies to:
Percentage Increase = (176 / 2200) × 100
Calculating that gives:
Percentage Increase ≈ 8%
So, your raise is approximately 8%. This means your salary has increased by 8% from the initial amount.