Harry got a raise. He now makes 105% of his old salary.
If his old salary was $55,000, what is his new salary?
55000 * 1.05 = ____
57750
To find Harry's new salary, we can use the given information that he now makes 105% of his old salary.
To calculate the new salary, we can follow these steps:
Step 1: Convert the given percentage to a decimal. To do this, divide the percentage by 100.
105% ÷ 100 = 1.05
Step 2: Multiply the old salary by the decimal value obtained in step 1.
$55,000 × 1.05 = $57,750
Therefore, Harry's new salary is $57,750.