Richard earns $2700 a month. He received a 3% raise. What is Richard's new annual salary? Remember 1

Discussion in 'Calculator Requests' started by math_celebrity, Apr 8, 2020.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    Richard earns $2700 a month. He received a 3% raise. What is Richard's new annual salary? Remember 12 months in 1 year

    $2,700 per month * 12 months = 32,400 per year.

    A 3% raise means the new salary is:
    32,400 * 1.03 = $33,372
     

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