Question

Steve received a raise in his annual salary, from

$32,500
to
$34,000
. Find the percent increase.
Round your answer to the nearest tenth of a percent.
Do NOT round until you have calculated the final answer.

Answer 1

4.6%

Explanation:

To find the percent increase subtract the new value by the original value then divide by the original.

34000 - 32500 = 1500

1500/32500 = 0.046

Multiply by 100 for the percent.

0.046*100 = 4.6%