Question

Mrs. Johnson earned $31,500.00 in salary this year. Her salary will increase by 10% next year. Mrs. Johnson is paid on a monthly basis. By how much will her monthly salary increase when she receives her raise?

Answer 1

$262.50 increase

Explanation:

10 % = 0.1 (move the decimal point 2 place to the left)

$31,500 x 0.1 = $3,150

$3,150 + $31,500 = $34,650

$31,500/12 = $2,625 a month

$34,650/12 = $2,887.50 a month

$2,887.50 - $2,625 = $262.50 increase