Question

A lawyer who is currently earning 42,380$annuallyreceivesa$6.5$% raise. What is his new annual salary?

• A. 45,122.70$
• B. 48,134.80$
• C. 45,134.70$
• D. 45,162.90$

Answer 1

The correct option is C 45,134.70$

The current salary of the lawyer is 42380$.
He will get $6.5$ $\%$ raise every year.

So, after $1$ year his income will be $(1+\frac{6.5}{100})\times 42380=45134.7$