Question

If a woman making $36,000 a year receives a cost of living increase of 2.4%, what will her new salary be?

Answer 1

`In\text{ this question we are asked to determine what the salary will be after a 2.4\% increase.}`
`\begin{gathered} Old\text{ salary: 36000 } \\ 2.4\%\text{ =}\frac{New\text{ salary - old}}{old} \\ 2.4\%\text{ = }\frac{New\text{ -36000}}{36000} \\ 36864\text{ = New salary} \end{gathered}`