A person ears $16,700 one year and gets a 5% raise in salary. What is the new salary?

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A person ears $16,700 one year and gets a 5% raise in salary. What is the new salary?

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Ngọc Hoa 5 years 2021-08-31T09:32:42+00:00 1 Answers 9 views 0

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  1. vankhanh
    0
    2021-08-31T09:34:08+00:00
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    Answer:

    $17,535

    Step-by-step explanation:

     Original (old) salary:  $16,700/year

    + raise:                          0.05($16,700/year) = $835/year

    ———————————————————————————

     New salary:  Original salary plus amount of raise:

                            $16,700/year + $835/year   =  $17,535

    A faster but still valid approach to finding the new salary involves multiplying the original salary by 1.05:

    1.05($16,700) = $17,535.  Here the ‘1.00’ represents the original salary and the ‘0.05) the raise.

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