Question

What is the percent increase if your salary went from $95 to $100 per week? Round your answer to the nearest tenth, if necessary.

Answer 1

%change=100(final-initial)/initial, in this case:

%change=100(100-95)/95

%change=100(5)/95

%change=500/95

%change=100/19 %

%change≈5.26% (to nearest hundredth of a percent)

Answer 2

Answer: The required percent increase is 5.3%.

Step-by-step explanation: We are given to find the percent increase if your salary went from $95 to $100 per week.

The percent increase will be equal to the increment in the salary divide by the old salary multiplied by 100%.

The increment in the salary is given by

`I=\$(100-95)=\$5.`

Therefore, the percent increase is given by

`(I)/(95)*100\%=(5)/(95)*100\%=(100)/(19)\%=5.26\%.`

Rounding to nearest tenth, we get

Percent increase = 5.3%.

Thus, the required percent increase is 5.3%.