A professional stock trader just signed her new yearly contract with her employer. She will receive a 6% raise over last year's pay for her base pay, plus the chance to earn a performance bonus of up to $3,000. Last year, she earned no performance bonus. This year, assuming that she earns the full performance bonus, her new pay will be effectively an 8% raise. What will her new pay be assuming that she earns the full performance bonus.  Pick one.
A) 162,000  B) 173,000  C) 180,000  D) 213,000  E) 284,000
let x = last year's pay   this year's pay + 3,000 = this year's effective pay   (1+.06)*x + 3,000 = (1+.08)*x   1.06x + 3,000 = 1.08x   3,000 = .02x   150,000 = x   thus the new pay effectively is (1+.08)*150,000 = 162,000   162,000
<result>A</result>
A professional stock trader just signed her new yearly contract with her employer. She will receive a 6% raise over last year's pay for her base pay, plus the chance to earn a performance bonus of up to $3,000. Last year, she earned no performance bonus. This year, assuming that she earns the full performance bonus, her new pay will be effectively an 8% raise. What will her new pay be assuming that she earns the full performance bonus.