Jerry earned $18,500 one year and then received a 10.5%
raise. What is his new yearly salary?5875.20
Good heavens! How can he receive a raise and get much less money?
Please rethink this problem.
To calculate Jerry's new yearly salary after a 10.5% raise, you can follow these steps:
Step 1: Calculate the raise amount
To find the raise amount, multiply Jerry's original salary by the percentage raise.
Raise amount = original salary * (percentage raise / 100)
Raise amount = $18,500 * (10.5 / 100)
Raise amount = $18,500 * 0.105
Raise amount = $1,942.50
Step 2: Add the raise amount to the original salary
To find the new yearly salary, simply add the raise amount to Jerry's original salary.
New yearly salary = original salary + raise amount
New yearly salary = $18,500 + $1,942.50
New yearly salary = $20,442.50
Therefore, Jerry's new yearly salary after a 10.5% raise is $20,442.50.