This Question: 1 pt 5
A person earns $15,500 one year and gets a 5% raise in salary. What is the new salary?
The new salary is $

The new salary of that person (for the period of a year) would be .

Step-by-step explanation:

Start by considering: what is the exact value (in dollars) of that " raise in salary"?

(five percent) is equal to .

To find the value of of , simply multiply by :

.

Add that to the original (one-year) salary of this person to find the new one-year salary:

.

The new salary is $16,725

Step-by-step explanation:

To find the new salary, multiply 5% and $15,500

5% * $15,500

First, convert 5% to a decimal. Divide 5 by 100 or move the decimal place 2 spaces to the left.

5/100=0.05

5.0 --> 0.5--> 0.05

0.05 * $15,500

Multiply

$775

The raise is equal to $775.

Next, add the raise to the salary.

raise + salary

The raise is $775 and the salary is $15,500

$775 + $15,500

Add

$16,275

The new salary is $16,275