In this case, we'll have to carry out several steps to find the solution.
Step 01:
Data
initial salary = $30,310/year
salary increase percentage = 26%
final salary = ?
Step 02:
final salary = initial salary + initial salary * salary increase percentage
final salary = $30310 + $30310 * 0.26
final salary = $38190.6
Formula:
new amount = base amount + base amount * percent of change
= 30310 + 30310 * 0.26
= 30310 + 7880.6
= 38190.6
The answer is:
final salary = $38190.6 = 38