Question

Kirk is getting a raise of 5% due to inflation. His normal salary is $56,000 per year. Which of the following calculations gives Kirk's new salary, in dollars? A. 56,000 +5 B. 56,000 + 56,000(0.05) C. 56,000 + 56,000(0.50) D. 56,000 + 56,000(5) E. 56,000(.05)

Answer 1

The answer is B. 56,000 + 56,000(0.05) because 5% or expressed in decimals 0.05 multiplied by the quantity 56,000 gives us 5% of Kirk's normal salary and added to his normal salary will give us his new salary.

(His new salary is 58,800 and 5% of his normal salary is 2,800)