Question

A nurse earns $31,400 annually and receives a 4% raise in salary. What is the new salary?

Answer 1

The new salary can be found using the formula:

`\rm New\: salary = Old\: salary + (Percent\: increase \cdot Old\: salary)`

First, we need to convert the percentage increase to a decimal:

`\rm\qquad\quad\implies 4\% = 0.04`

Next, we can plug in the given values:

`\rm New\: salary = 31,400 + (0.04 \cdot 31,400)`

Simplifying this equation, we get:

`\rm New\: salary = 31,400 + 1,256`

`\rm New\: salary = 32,656`

`\therefore` The nurse's new salary is $32,656.

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