Question

In a budget plan fixed expenses were $475 they gone up 5% what will the updated total fixed expenses be ?

Answer 1

Answer:

$498.75

Step-by-step explanation:

It is given that in a budget plan fixed expenses were $475.

Increase in budget plan fixed expenses = 5%.

We need to find the updated total fixed expenses.

Updated total fixed expenses $=\ 475 + 5\%\text{ of }\ 475$

                                             $=475+\dfrac{5}{100}\times 475$

                                             $=475+23.75$

                                             $=498.75$

Therefore, the updated total fixed expenses will be $498.75.