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If a woman making $29,000 a year receives a cost-of-living increase of 2.6%, what will her new salary be?

2 Answers

1 vote
i believe the answer would be 34,410
User Griwes
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4 votes

SOLUTION

Her yearly salary is $29,000. With a cost of living increased by 2.6%, this means her salary should be inreased by


\begin{gathered} (2.6)/(100)*29,000 \\ 2.6*290 \\ =754 \end{gathered}

So her new salary should be


\begin{gathered} 29,000+754 \\ =29,754 \end{gathered}

Hence the answer is $29,754

User Fehrlich
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