Rose and Dennis each open a savings account at the same time. Rose invests $2,600 in an account yielding 4.1% simple interest, a
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Answer:
The percentage increase in salary of employee is 7.14 %
Step-by-step explanation:
Given as :
The initial pay of employee = $35,000 per year
The increase pay of employee = $37,500 per year
Let The percentage increase in salary = X %
So, X = × 100
Or, X = × 100
Or, X = × 100
∴ X = 0.0714 × 100 = 7.14 %
Hence The percentage increase in salary of employee is 7.14 % Answer