Richard earns $2700 a month. He received a 3% raise. what is Richard's new ANNUAL salary? -thanks
http://www.jiskha.com/display.cgi?id=1259808945
ive don't know ether and i don't think anyone in this f*@*ing world does
Find 3% of $2700 then add the 3% to $2700
x=$2781
To calculate Richard's new annual salary, we first need to calculate the amount of the raise.
The raise is given as 3% of his current salary, which means he will earn an additional 3% of $2700.
To find the raise amount:
Raise = (3/100) * $2700 = $81
The raise amount is $81.
Next, we can calculate Richard's new monthly salary by adding the raise amount to his current monthly salary:
New Monthly Salary = Current Monthly Salary + Raise Amount
New Monthly Salary = $2700 + $81 = $2781
Finally, to calculate Richard's new annual salary, we multiply the new monthly salary by 12 (since there are 12 months in a year):
New Annual Salary = New Monthly Salary * 12
New Annual Salary = $2781 * 12 = $33,372
Therefore, Richard's new annual salary is $33,372.