Question

Your anula salary of $42,500 is about to he increased by 2%.Explain the steps you would take to determine your new salary.What will your new salary be?

Answer 1

$43,350

Explanation:

To find the increase in the salary we need to find the percentage.

2 percent of $42,500 = $850.

$42,500 + $850 = $43,350.

New salary = $43,350.