Question

Mary got a raise of 2% on her salary. If her original salary was $160,000, how much is it after the raise is implemented?

A. $166,600
B. $163,200
C. $168,600
D. $164,500

Answer 1

The correct answer is option A. $166,600. To find the new salary after a 2% raise, we can multiply the original salary by 1 plus the decimal equivalent of the percentage increase.

Step-by-step explanation:

The correct answer is option A. $166,600.

To find the new salary after a 2% raise, we can multiply the original salary by 1 plus the decimal equivalent of the percentage increase. In this case, the decimal equivalent of 2% is 0.02. So, Mary's new salary would be:

New Salary = Original Salary + (Original Salary x Percentage Increase)

New Salary = $160,000 + ($160,000 x 0.02)

New Salary = $160,000 + $3,200

New Salary = $163,200

Therefore, Mary's salary after the raise is implemented is $163,200, which corresponds to option A.