Question
Jerry earned $18,500 one year and then received a 10.5% raise. What is his new yearly salary?
would this be the correct way to set this up and the correct answer?
$18500*10.5=$20442.50
You got the correct answer, but didn't type the correct equation. Which tells me you did it correctly, but didn't type it correctly here. So just to clarify...
2 ways:
10.5% is .105 so...
18500 * .105 = 1942.50
18500 + 1942.50 = 20442.50
The second way is easier for me. Take the .105 and add a 1 to it then multiply.
18,500 * 1.105 = 20,442.50
Matt
would this be the correct way to set this up and the correct answer?
$18500*10.5=$20442.50
You got the correct answer, but didn't type the correct equation. Which tells me you did it correctly, but didn't type it correctly here. So just to clarify...
2 ways:
10.5% is .105 so...
18500 * .105 = 1942.50
18500 + 1942.50 = 20442.50
The second way is easier for me. Take the .105 and add a 1 to it then multiply.
18,500 * 1.105 = 20,442.50
Matt