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14 October, 04:24

After working satisfactorily for 6 months, Dave received a 7% raise. His original gross monthly salary was $1083.34. What is Dave's gross annual salary? Round to the nearest cent.

A) $13,455.06

B) $13,356.06

C) $13,000.08

D) $13,455.12

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  1. 14 October, 06:56
    0
    Step-by-step explanation:

    His original gross monthly salary was $1083.34. This means that the total amount that he earned that he earned in the first 6 months would be

    6 * 1083.34 = $6500.4

    After working satisfactorily for 6 months, Dave received a 7% raise. The amount by which it was raised would be

    7/100 * 6500.4 = $455.00

    His salary for the next 6 months would be

    6500.4 + 455.00 = $6955.40

    Dave's gross annual salary would be

    6955.40 + 6500.4

    = $13455.8
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