SOLUTION: A proposal was made in the state senate to raise the minimum wage from $6.75 to $7.15 an hour. What is the proposed percent of increase to the nearest tenth of a percent?

SOLUTION: A proposal was made in the state senate to raise the minimum wage from $6.75 to $7.15 an hour. What is the proposed percent of increase to the nearest tenth of a percent?

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Question 119406: A proposal was made in the state senate to raise the minimum wage from $6.75 to $7.15 an hour. What is the proposed percent of increase to the nearest tenth of a percent?
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
% Increase = (New Value-Old Value)/(Old Value)*100
% Increase = 100(7.15-6.75)/6.75
% Increase = 100*(0.059259)
% Increase = 5.9259%
% Increase = 5.9% (to the nearest tenth)
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