Say that the economy is in an expansion, causing wages to increase by six percent. if you previously received a monthly salary o

Question

1 year ago

10

f $1,375.00, what will your new monthly salary be? round all dollar values to the nearest cent. a. $2,365.00 b. $1,604.17 c. $1,462.77 d. $1,457.50

1 answer:

Westkost [7] · Answer 1 · 2023-07-17T17:12:05+03:00

From previously received a monthly salary of $1,375.00, Your new monthly salary increase by six percent would be $1,457.50.

What is the percentage?

A percentage is a minimum number or ratio that is measured by a fraction of 100.

You previously received a monthly salary of $1,375.00

Now by economic expansion, causing wages to increase by 6%

Increment of the salary = 6% of 1,375.00

= 6/100 × 1,375

= 0.06 × 1,375

= $82.50

So, your new monthly salary would be = $1,375.00 + $82.50

= $1,457.50

Hence, your new monthly salary would be $1,457.50.

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