Question

After a raise, Michelle's salary increased from $35000 annually to $36925. Find the percent increase

Answer 1

5.5%

Explanation:

To solve you can use the equation for percent increase

((New Value - Old Value) / Old Value) * 100

Plugging in values you get

((36925 - 35000) / 35000) * 100

(1925 / 35000) * 100

.055 * 100

5.5%

The percent increase is 5.5%