SOLUTION: Mrs. Smith was hired at a yearly salary of $30,000.She received a raise of 3% after the first year and then a raise of 2% after the second year.What percent of her original salary
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Question 334145: Mrs. Smith was hired at a yearly salary of $30,000.She received a raise of 3% after the first year and then a raise of 2% after the second year.What percent of her original salary is her salary after two years (rounded to the nearest 0.01%)?
a.95.18% b.96. 96% c.98.04% d.102.03% e.105.06%
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
30000*1.03=30900
30900*1.02=31518
31518/30000=105.06%
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