Question

A person earns ​$17,300 one year and gets a​ 5% raise in salary. Calculate the new yearly salary using a percent greater than 100.

Answer 1

Answer: $18,375

Step-by-step explanation:

The person was earning $17,300 and got a 5% raise.

The $17,300 represents 100% of itself. If it were to increase by 5% therefore, the new salary would be: 100 + 5 = 105%

The new salary would be 105% of $17,300.

= 17,300 * 105%

= 17,500 * 105/100

= $18,375