Question

Melissa is making $68,000 per year. She gets a 4% increase in pay. What is Melissa's new salary? *

Answer 1

First, we calculate the increase of 4%, that is:

`i=(68000\cdot4)/(100)\Rightarrow i=2720`

So, her salary increases by $2720, now we add it to her base salary, that is:

`T=68000+2720\Rightarrow T=70720`

From this, we have that her new salary is $70 720.