If Sara's current salary is $25,000, what will her salary be after a 3% raise and 2% cost of living increase?

To determine Sara's salary after a 3% raise and a 2% cost of living increase, you can follow these steps:

1. Calculate the 3% raise on the current salary:

Multiply her current salary of $25,000 by 3% (or 0.03).

[

25,000 \times 0.03 = 750

]

Adding this raise to the current salary:

[

25,000 + 750 = 25,750

]

2. Calculate the 2% cost of living increase based on the new salary:

Take the new salary of $25,750 and multiply it by 2% (or 0.02).

[

25,750 \times 0.02 = 515

]

Now, add this cost of living increase to the new salary:

[

25,750 + 515 = 26,265

]

Since the question seeks the nearest choice, round $26,265 to the nearest option provided. The closest amount that aligns with the calculations is $26,250, making that the correct answer