SOLUTION: Need help setting up this word problem The median compensation for a U.S university president was $436,000 for the 2008-2009 academic year. Calculate the salary of a university pr

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: Need help setting up this word problem The median compensation for a U.S university president was $436,000 for the 2008-2009 academic year. Calculate the salary of a university pr      Log On


   



Question 775553: Need help setting up this word problem
The median compensation for a U.S university president was $436,000 for the 2008-2009 academic year. Calculate the salary of a university president who received a 2.3% raise.

Answer by sofiyac(983) About Me  (Show Source):
You can put this solution on YOUR website!
you want to multiply the salary by 2.3/100 (we divide by 100 to convert percent to a number) and then add it to the original salary
436000+436000(2.3/100)=446028