Answer to Question #287723 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

Initial salary=$470000

Raise in salary=2.7% =$\frac{2.7}{100}*470000dollars=12690dollars$

Therefore new salary= Initial salary +raise

=$470000+$12690

=$482690