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Kim's starting salary is $30,000 a year. She gets a 3% raise after her first year. Then she gets a 10% bonus on her second-year salary. How much is Kim's bonus?

A) $3,000
B) $3,300
C) $900
D) $9000

User Ciro Costa
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1 Answer

6 votes

Final answer:

Kim receives a 3% raise on her $30,000 salary, making her second-year salary $30,900. She then gets a 10% bonus which amounts to $3,090. The closest choice given is B) $3,300.

Step-by-step explanation:

Kim's starting salary is $30,000 a year. After her first year, she gets a 3% raise. To calculate her salary after the raise, we multiply her starting salary by 1.03 (which represents a 3% increase).

Her first year's salary with the raise is: $30,000 × 1.03 = $30,900.

In her second year, Kim gets a 10% bonus on her second-year salary. To calculate her bonus, we take 10% of her second year's salary. The calculation will be $30,900 × 0.10.

Kim's second-year bonus is: $30,900 × 0.10 = $3,090.

Therefore, the closest choice to Kim's bonus is B) $3,300.

User Mozein
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