Question

Larry earned $32,000 per year. Then he received a 3 1/4% raise. What is Larry’s salary after the raise?

Answer 1

$33040

Explanation:

Analyzing the problem indicates a percentage increment of 3 1/4%

Converting from mixed fraction to proper proper fraction we have

13/4%

Another better way is a decimal system

3.25%

Now let us calculate 3.25% percent of $32,000 we have

3.25/100*($32,000) = $1040

Since there is an increment let us add $32,000 to the amount to get the salary after the raise $1040

$32,000+$1040=

$33040