Question

U.s employes received 3% raise in 2012. Suppose an employee made 47,000 in 2011 and received a 3% raise what she did make in 2012

Answer 1

I believe your answer would be $48,410

Answer 2

It would be: 47000 + (47000 * 3%)
= 47000 + (47000 * 0.03)
= 47000 + 1410
= 48410

In short, Your Answer would be $48410

Hope this helps!