question archive A monthly salary is $2336
A monthly salary is $2336
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A monthly salary is $2336. It is given an increase of 7.4%. After the first increase, it receives a second increase of 13%. What is the new monthly salary after both increases? Round to the nearest dollar.
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$2835.01
Step-by-step explanation
First Increase
(monthly salary) + (7.4% of monthly salary) = Monthly salary after first Increase
2336 + 2336(0.074) = $2509
Second Increase
(Monthly salary after first Increase) + (13% of Monthly salary after first Increase)
2509 + 2509(0.13) = $2835
