A university president's salary for the 2012-2013 academic year was $490,000. Calculate his 2013-2014 salary if he received a 2.7% raise

Question

asked Dec 26, 2021 44.5k views

1 Answer

InstanceOfObject · Answer 1 · 2021-12-29T18:21:27+0000

Answer:

His 2013-2014 salary will be $503,230

Explanation:

His new salary will be

490,000 + 2.7% of 490,000

= 490,000 + (2.7/100 * 490,000)

= 490,000 + 13,230

= $503,230