Question

This Question: 1 pt

Answer 1

Answer:

The new salary is $16,725

Step-by-step explanation:

To find the new salary, multiply 5% and $15,500

5% * $15,500

First, convert 5% to a decimal. Divide 5 by 100 or move the decimal place 2 spaces to the left.

5/100=0.05

5.0 --> 0.5--> 0.05

0.05 * $15,500

Multiply

$775

The raise is equal to $775.

Next, add the raise to the salary.

raise + salary

The raise is $775 and the salary is $15,500

$775 + $15,500

Add

$16,275

The new salary is $16,275

Answer 2

Answer:

The new salary of that person (for the period of a year) would be $\ 16,\!275$.

Step-by-step explanation:

Start by considering: what is the exact value (in dollars) of that "$5\%$ raise in salary"?

$5\%$ (five percent) is equal to $\displaystyle \frac{5}{100}$.

To find the value of $5\%$ of $\ 15,\!500$, simply multiply $\ 15,\!500$ by $5\%$:

$\begin{aligned}&5\% \times \ 15,\!500\\ &= \frac{5}{100} \times \ 15,\!500 \\ &= 5\times \ 155 = \ 775 \end{aligned}$.

Add that to the original (one-year) salary of this person to find the new one-year salary:

$\ 15,\!500 + \ 775 = \ 16,\!275$.