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The planning committee voted to increase the customer service budget by 10% from last year. If the budget last year was 56,000, what is the budget for the new year? A. $56,110 B. $61,600 C. $112,010 D. $610,000

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Answer:

B. $61600

Step-by-step explanation:

Increase the initial value by 10%.

56000 × (1 + 10%)

56000 × (1.1)

= 61600

The budget for the new year is $61600.