SOLUTION: If my monthly income is $475.00 and will be receiving a 3.6% increase what's my new monthly income?

Question 536732: If my monthly income is $475.00 and will be receiving a 3.6% increase what's my new monthly income?
Found 2 solutions by josmiceli, Earlsdon:
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
New monthly income = old income + amount of increase

The new monthly income is $492.10
Answer by Earlsdon(6294) (Show Source): You can put this solution on YOUR website!
Change the percentage to its decimal equivalent: 3.6% = 0.036 then multiply this by your present monthly income to find the amount of the raise, then add this to your present monthly income to find your new monthly income.
$475.00+0.036($475.00)=$475.00+$17.10 = $492.10
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