Earl Miller receives an annual salary of $80,000. Today, his boss, Jay, informs him he will be getting a 4% raise. What will his salary be after the raise?
What will be an ideal response?
$83,200
B = 80,000, R = 100% + 4% = 104%, P = ?. Take 80,000 × 1.04 = 83,200.
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