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Bob's annual salary is $98,300. He has been promised a 4.6% merit rate raise in the year ahead. Find the amount of the raise and the new salary. Show all work and write a complete answer including units.
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Bob's annual salary is $98,300. He has been promised a 4.6% merit rate raise in the year ahead. Find the amount of the raise and the new salary. Show all work and write a complete answer including units.

User Superlee
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1 Answer

5 votes
98,300 x .046= 4,521.80
4,521.80 + 98,300= 102,821.80

The amount of the raise is $4,521.80
The new salary is $102,821.80
User Krjampani
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