Question

Joes yearly salary went from 49,000 to 53,284 what is the percent increase

Answer 1

To find the percentage increase, use the formula:

`\frac{new\text{ salary - old salary}}{\text{old salary}}\ast(100)/(1)`

Therefore, we have:

`\begin{gathered} (53284-49000)/(49000)\ast(100)/(1) \\ \\ =\text{ }(4284)/(49000)\ast(100)/(1) \\ \end{gathered}`
`=\text{ }0.087\ast100\text{ = 8.7\%}`

Therefore, Joes salary percentage increase is 8.7%

ANSWER:

8.7%