Mrs. Johnson earned $31,500.00 in salary this year. Her salary will increase by 10% next year. Mrs. Johnson is paid on a monthly basis. By h

Question

Mrs. Johnson earned $31,500.00 in salary this year. Her salary will increase by 10% next year. Mrs. Johnson is paid on a monthly basis. By how much will her monthly salary increase when she receives her raise?

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Huyền Thanh 5 months 2021-08-17T07:52:02+00:00 1 Answers 7 views 0

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    2021-08-17T07:53:31+00:00

    Answer:

    $262.50 increase

    Step-by-step explanation:

    10 % = 0.1 (move the decimal point 2 place to the left)

    $31,500 x 0.1 = $3,150

    $3,150 + $31,500 = $34,650

    $31,500/12 = $2,625 a month

    $34,650/12 = $2,887.50 a month

    $2,887.50 – $2,625 = $262.50 increase

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