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Cassandra earns $66,000 this year. She gets a cost of living raise to compensate for yearly inflation of 2.1%. What will her raise be next year?

Enter your answer as a number, for example: 4210

2 Answers

3 votes

Answer:

Cassandra’s raise will be $1386 more, she will receive $67,386.

Explanation:

  • If you think that Cassandra's raise is too low, you are not alone. Many people would agree that a 2.1% raise is barely enough to keep up with the rising cost of living. In fact, some might say that Cassandra is being robbed by her employer. Here is a funny paragraph that illustrates this point:

Cassandra was happy to hear that she would get a raise next year. She had worked hard for her company and deserved some recognition. She eagerly opened the letter from her boss and read the first line: "Congratulations, you will receive a 2.1% raise next year." She blinked and read it again. Was this a joke? She looked at the second line: "This raise is to compensate for yearly inflation of 2.1%." She felt a surge of anger. How could they do this to her? This was not a raise, this was a slap in the face. She quickly did the math in her head and realized that her raise would be $1386 next year. That was less than $4 a day. She could barely buy a cup of coffee with that. She crumpled the letter and threw it in the trash. She decided to look for a new job as soon as possible.

  • Cassandra is a smart cookie. She knows that the correct answer is 1386. That's the amount of her raise next year. How did she figure that out? Let me tell you:

She knew that her raise was based on inflation, which is 2.1% per year. So she took her salary of $66,000 and multiplied it by 0.021 to get her raise. That's $1,386 dollars, and less than $4 a day

✧☆*: .。. That's all folks, have fun with math! (✧ω✧) .。.:*☆✧

User Puzik
by
8.8k points
2 votes

Answer: Cassandra's raise next year will be $67,386.

Explanation:

User DrAl
by
7.9k points