Solve. Round the answer to the nearest cent, if necessary.
-A union contract calls for a 6.4% salary increase for all employees. Determine the new salary for a worker who is currently making $28,410.

Question

Quizplus · Accepted Answer

To find the new salary, we need to multiply the current salary by the percent increase as a decimal:

$28,410 + 0.064($28,410) = $30,228.24

Therefore, choice D is the correct answer. To find the new salary, we need to add the 6.4% increase to the current salary of $28,410.

6.4% of $28,410 is:

(6.4/100) x $28,410 = $1,819.84

So the new salary is:

$28,410 + $1,819.84 = $30,229.84

Rounding to the nearest cent, the answer is:

$30,228.24

Therefore, the best choice is D, which is the rounded answer to the nearest cent.

Solve Round the Answer to the Nearest Cent, If Necessary