Question

A person earns ​$17,000 one year and gets a​ 5% raise in salary. Calculate the new yearly salary using a percent greater than 100.

Answer 1

$17850

Explanation:

Adding 5% of a number to that number is the same as taking 105% of the number.

Taking 105% of a number is the same as multiplying it by 1.05

This means that 105% of 17,000 is:

17,000*1.05 = 17850