Question

A union contract calls for a 4.5% increase in salary. What will be the new salary for a worker currently earning $60,000?

Answer 1

Answer:

$62,700

Step-by-step explanation:

1). One way:

4.5% = 0.045

$60,000 × 0.045 = $2,700

$60,000 + $2,700 = $62,700

2). And another one:

100% + 4.5% = 104.5%

104.5% = 1.045

$60,000 × 1.045 = $62,700