Earl Thomas has received a raise from $50,000 a year to $55,000 a year. What was Earlsraise
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Earl Thomas has received a raise from $50,000 a year to $55,000 a year. What was Earl’sraise stated as a percentage? Inflation averaged 3.3% for the year. What was Earl’s real income after the raise? What was Earl’s real raise stated as a percentage?
Expert Answer:
To calculate Earls raise stated as a percentage we can use the formula Raise Percentage New Salary O... View the full answer
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