If retirement deductions from salaries are increased from 3 ½% to 6%, what is the monthly amount of the increase in the deduction from a $37,200 salary?

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A (U.S.) business math course typically includes a review of elementary arithmetic, including fractions, decimals, and percentages. Elementary algebra is often included as well, in the context of solving practical business problems.


If retirement deductions from salaries are increased from 3 ½% to 6%, what is the monthly amount of the increase in the deduction from a $37,200 salary?