Question

You get a new job that pays a starting salary of $78,386.15 a year. Youare promised a 7.6% = 0.076 raise after 1 year. Round your income to thenearest ten-thousand and the rate of your raise to the nearest hundredthto estimate the amount of your raise.

Answer 1

The given information is:

-Your starting salary is $78,386.15

-The raise after 1 year is 7.6%=0.076

You need to round your income to the nearest ten-thousand:

`78,386.15\approx80,000`

And round the rate of your raise to the nearest hundredth:

`0.076\approx0.08`

The estimated amount of your raise, based on these rounded numbers is:

`80,000*0.08=6400`

The answer is $6400.