Question

(02.01 lc) for a certain industry, the mean annual salary rose from $68,860 to $71,350. calculate the percent of increase. round to the nearest tenth. 3.4% 3.5% 3.6% 3.7%

Explanation:

Step1: Find the amount of increase

Subtract the original salary from the new salary.
$71350 - 68860=2490$

Step2: Calculate the percent - of - increase

Use the formula $\text{Percent of Increase}=\frac{\text{Amount of Increase}}{\text{Original Amount}}\times100\%$.
$\frac{2490}{68860}\times 100\%\approx 0.03616\times100\% = 3.616\%$

Step3: Round to the nearest tenth

Rounding $3.616\%$ to the nearest tenth gives $3.6\%$.

Answer:

C. 3.6%