Larry earned $32,000 per year. Then he received a (3)1/4% rise. What is Larry's salary after the raise?
If Larry earns a (3) 1/4 % (or 3.25%) raise, he will earn 103.25% of his original salary. To ?nd out 103.35% of $32,000, multiply $32,000 through the decimal equivalent of 103.25% (1.0325); $32,000 × 1.0325 = $33,040. If you chose d, you found his salary with a 3% raise while multiplying by 1.03 or 0.03 and then adding in which answer to his original salary.