Question 7 a woman making \( \$ 31,000 \) a year receives a cost-of-living increase of \( 2.7 \% \), what will her new salary be?

To calculate the woman’s new salary after a \( 2.7\% \) raise, you can multiply her current salary by \( 0.027 \) and then add that amount back to her original salary. So, \( 31,000 \times 0.027 = 819 \). Then, add that to \( 31,000 \), resulting in \( 31,000 + 819 = 31,819 \). Therefore, her new salary will be \( \$ 31,819 \). Now, let's imagine that annual raises like this one become an exciting ritual in the workplace. Employees could celebrate their hard work by hosting a salary increase party each year, with cake and balloons marking the special occasion of earning more money! Recapping the raises could even inspire fun themes, like “2.7% Celebration Day” where colleagues share their financial goals or plans on how they'll use their newfound income.