17. A person earns \( \$ 32,600 \) one year and receives a \( 5 \% \) raise in salary. What is the new salary?

To find the new salary after a 5% raise, we can calculate the amount of the raise and then add it to the original salary. Given: Original salary = $32,600 Raise percentage = 5% 1. Calculate the amount of the raise: \[ \text{Raise amount} = \text{Original salary} \times \text{Raise percentage} \] 2. Add the raise amount to the original salary to find the new salary: \[ \text{New salary} = \text{Original salary} + \text{Raise amount} \] Let's calculate the new salary. Calculate the value by following steps: - step0: Calculate: \(32600\times 0.05\) - step1: Multiply the numbers: \(1630\) The amount of the raise is $1,630. Now, let's calculate the new salary by adding the raise amount to the original salary: \[ \text{New salary} = \$32,600 + \$1,630 = \$34,230 \] Therefore, the new salary after a 5% raise is $34,230.