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?

Answer 1

Mary new salary is $163,200

2% means 2 / 100 = 0.02

A raise implies addition to the original amount, therefore

160000 + 0.02 * 160000

160000 + 3200

163200