Say that the economy is in an expansion, causing wages to increase by six percent. if you previously received a monthly salary of $1,375.00, what will your new monthly salary be? round all dollar values to the nearest cent. a. $2,365.00 b. $1,604.17 c. $1,462.77 d. $1,457.50

The new monthly salary is $1457.50 .

Option (d) is correct .

Step-by-step explanation:

As given

Say that the economy is in an expansion, causing wages to increase by six percent.

If you previously received a monthly salary of $1,375.00 .

6% is written in the decimal form .

= 0.06

Increase in salary = 0.06 × Last monthly salary

                             = 0.06 × 1375

                             = $ 82.5

New monthly salary = Last month salary + Increase in salary

                                 = $ 1375 + $82.5

                                 = $ 1457.50

Therefore the new monthly salary is $1457.50 .

Option (d) is correct .