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

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


   

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) About Me  (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

0.105%2A18500=1942.5


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


18500%2B1942.5=20442.5

So his new salary is $20,442.5 a year