kirk is getting a raise of 5% due to inflation. his normal salary is $56,000 per year. which of the…
kirk is getting a raise of 5% due to inflation. his normal salary is $56,000 per year. which of the following calculations gives kirks new salary, in dollars? a 56,000 + 56,000(0.05) b 56,000 + 56,000(0.50) c 56,000 + 56,000(5) d 56,000(.05)
Answer
Explanation:
Step1: Find the raise amount
The raise is 5% of the normal salary. To find 5% of a number, we convert 5% to a decimal (5% = 0.05) and multiply it by the normal - salary. The raise amount is $56000\times0.05$.
Step2: Find the new salary
The new salary is the sum of the normal salary and the raise amount. So the new salary is $56000 + 56000\times0.05$.
Answer:
A. $56,000 + 56,000(0.05)$