Last year, Sam’s salary increased from $30,000 to $35,500.
Calculate the percent increase, and round to the nearest tenths place.
To calculate the percent increase, we subtract the original amount (in this case, $30,000) from the new amount (in this case, $35,500) and divide by the original amount. Then, we multiply by 100 to find the percentage.
The increase is $35,500 - $30,000 = $5,500.
The percent increase is (5,500 / 30,000) * 100 = 18.3% (rounded to the nearest tenth).
Therefore, Sam's salary increased by approximately 18.3%.
To calculate the percent increase, we need to find the difference between the new salary and the initial salary, and then divide it by the initial salary.
Difference = $35,500 - $30,000 = $5,500
Percent increase = (difference / initial salary) * 100
Percent increase = ($5,500 / $30,000) * 100
Percent increase ≈ 18.3%
Therefore, the percent increase in Sam's salary is approximately 18.3%.