If a woman making $35,000 a year receives a cost-of-living increase of 2.1%, what will her new salary be?
Mathematics · Middle School · Thu Feb 04 2021
Answered on
Given the statement:
A woman making $35,000 a year receives a cost-of-living increase of 2.1%,
Determine the new salary of the woman.
Solution:
In order to determine the new salary of the woman, we simply need to multiply the decimal value of 2.1% to 35000 then add the product to 35000. In converting a percentage into decimal, divide the percentage by 100, hence in converting a decimal to percentage, multiply the percentage by 100.
= 2.1/100
= 0.021
= (0.021)($35,000)
= $735
= $35,000 + $735
= $35,735
Final answer:
= $35,735