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12 August, 14:13

Bob's annual salary is $98,300. He has been promised a 4.6% merit rate raise in the year ahead. Find the amount of the raise and the new salary. Show all work and write a complete answer including units.

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  1. 12 August, 16:33
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    98,300 x. 046 = 4,521.80

    4,521.80 + 98,300 = 102,821.80

    The amount of the raise is $4,521.80

    The new salary is $102,821.80
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