Question

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

Answer 1

$498.75

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+(5)/(100)* 475`

`=475+23.75`

`=498.75`

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