Question

If a woman making $33,000 a year receives a cost-of-living increase of 2.2%, what will her new salary be?

a. $33,066
b. $33,726
c. $33,732
d. $33,850

Answer 1

To calculate the new salary, add the cost-of-living increase of 2.2% to the current salary of $33,000. The correct answer is option b: $33,726.

Step-by-step explanation:

To calculate the new salary, we need to add the cost-of-living increase to the current salary. The cost-of-living increase is 2.2% of $33,000.

Step 1: Calculate the increase: 2.2% * $33,000 = $726.

Step 2: Add the increase to the current salary: $33,000 + $726 = $33,726.

Therefore, the new salary will be $33,726. The correct answer is option b.