Question

A person earns $16,700 one year and gets a 5% raise in salary what is the new salary

Answer 1

Answer: $17, 535

`\begin{gathered} \text{ 5\% raise means an increament on the salary} \\ 5\text{ + 100 = 105\%} \\ \text{The intital salary the person earned = \$16,700} \\ \text{The new salary = percentage increase x the initial salary} \\ \text{The new salary = 105\% x \$16, 700} \\ \text{new salary = }(105)/(100)\text{ x \$16, 700} \\ \text{New salary = 1.05 x 16, 700} \\ \text{New salary = \$17, 535} \end{gathered}`