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Answer to Question #20499 in Calculus for Riley

Question #20499
Employees of a publishing company received an increase in salary of 6% plus a bonus of $500. Find the new salary if the old salary was $23,000.
Expert's answer
We can construct the following equation from the data provided. The new salary is

S = $23000 * (100% + 6%)/100% + $500 = $24380 + $500 = $24880.

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