Question

What is a 6% pay increase to 62,900 annual salary

Answer 1

The answer is $66,674.

Answer 2

The annual salary after 6% increase would be 66,674

Explanation:

the annual salary is = 62,900

If the increment in the salary is 6%,

The growth would be = 6% of 62,900

0.06 × 62,900 = 3,774

New pay would be = 62,900 + 3,774 = 66,674

The annual salary after 6% increase would be 66,674