A person earns 23,000 one year and gets a 5% raise in salary. Calculate the new yearly salary using a percent greater than 100
1 answer:
Answer:
24,150
Step-by-step explanation:
Given that :
Salary earned this year = 23,000
Percentage Raise in salary for the new year = 5%
The new yearly salary can be obtained thus ;
(100% + percentage raise in salary) * salary earned this year
(100% + 5%) * 23,000
105% * 23000
1.05 * 23000
24,150
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