Answer to Question #287452 in Algebra for austyn

Question

A university​ president's salary for the​ 2012-2013 academic year was $470,000 Calculate his​ 2013-2014 salary if he received a 2.7% raise.

Answer 1

A university​ president's salary for the​ 2012-2013 academic year was $470,000 Calculate his​ 2013-2014 salary if he received a 2.7% raise.

Answer

Since 2013-2014 salary is a raise the percentage becomes 102.7%

Salary received in 2013-2014 =

470,000 × (102.7/100)=$482,690