Question

Solve. Round the answer to the nearest cent, if necessary.A union contract calls for a 6.2% salary increase for all employees. Determine the new salary for a worker who is currently making $38,870.

Answer 1

Current slasry : $38,870

Salary increase : 6.2%

First, express the increase in decimal form, dividing it by 100.

6.2 / 100 = 0.062

Then, multiply the current salary by the increase in decimal form:

38,870 x 0.062 = $2,409.94

Finally, add the increase to the current salary:

38,870 + 2,409.94 = $41,279.94