SOLUTION: Jerry earned $18,500 one year and then received a 10.5% raise. What is his new yearly salary? Help please someone!!

Question 111925: Jerry earned $18,500 one year and then received a 10.5%
raise. What is his new yearly salary?
Help please someone!!
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
If Jerry received a 10.5% raise, he is receiving an additional 10.5% of his salary. So 10.5% of $18,500 is

So in other words, he received an additional $1,942.5. Now add that onto $18,500

So his new salary is $20,442.5 a year

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