A manager's salary at Green Dot increased from $48,000 to $51,360. What is the rate of increase?
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Answer: The increase is 7%
Step-by-step explanation:
51360 is what percent of 48000?
= 51360 = (x/100)(48000)
= x = 51360(100)/48000 = 107%
Since 51360 is 107% of 48000
the increase is 7%
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