Question 111665: Jerry earned $18,500 one year and then received a 10.5% raise. What is his new yearly salary?
For this one would I just multiply 10.5 and 18500? Then add that amount to the 18500?
Answer by BrittanyM(80)   (Show Source):
You can put this solution on YOUR website! Not exactly, but very close.
Instead of multiplying $18,500 by 10.5, we would multiply it by 0.105.
We must move the decimal point up by two digets when dealing with percentages.
(Remember, 100% of something means 1. We have to move the decimal up two points before we can start multiplying it by real values or quantities. ** 100% of a whole pizza pie is 1 whole pizza.)
So, now we may multiply $18,500 by 0.105 and then add the answer to $18,500.
Our answer is $20,442.5
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