Question

A person earns $43,200 one year and receives an 8% raise in salary. What is the new salary?

Answer 1

The answer is equal to 46,656

Answer 2

The answer is $46,656.
You take 8% so 0.08 and multiply that by the original money earned so 43,200, which gives you 3,456. you then add the 3,456 to the original number 43,200 which gives you your answer of $46,656.