If a certain manager had received a 5% raise instead of the 8% raise that she actually received, her salary would have been $60,500. What was her actual salary after the raise?	Select:
A) 55,000 B) 58,806 C) 59,290 D) 62228.52 E) 61,620
No need of getting involved with decimals ..just work in fractions ..   salary(let X) included 5% increase can be written as   (1+5/100)X=60500   X=60500/1.05------&gt;57619.05   if there is 8% rise in 57619.05   then the salary now is 8% of 57619.05   8*57619.05/100=4609.52   then toal salary after increment=57619.05+4609.52-----&gt;62228.52   Ans 62228.52
<result>D</result>
If a certain manager had received a 5% raise instead of the 8% raise that she actually received, her salary would have been $60,500. What was her actual salary after the raise?