SOLUTION: Please help Jerry earned $18,500 one year and then received a 10.5% raise. What is his new yearly salary? Yi Chen made a $6,400 investment at the beginning of a year. By

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Please help Jerry earned $18,500 one year and then received a 10.5% raise. What is his new yearly salary? Yi Chen made a $6,400 investment at the beginning of a year. By       Log On


   

Question 130748:
Please help
Jerry earned $18,500 one year and then received a 10.5% raise. What is his new yearly salary?
Yi Chen made a $6,400 investment at the beginning of a year. By the end of the year, the value of the investment had decreased by 8.2%. What was its value at the end of the year?
Answer by checkley71(8403) About Me  (Show Source):
You can put this solution on YOUR website!
18,500*1.105
$20,445.50 answer for the new salary.
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6,400-6,400*.082
6,400-524.80
$5,875.20 value of the investment.