Question

Some help would be splendid.

David is paid £34000 per year.
He is going to get a 3% increase in the amount of money he is paid.
Work how much money David will be paid per year after the increase

Answer 1

35020$

Explanation:

Multiplier= 100% + 3% = 103% = 1.03

New amount = original * multiplier

= 34000 * 1.03

= 35020$

Answer 2

£35,020

Explanation:

Amount paid to David after increase

= £34000 + 3% of £34000

= £34000 + 0.03*£34000

= £34000 + £1,020

=£35,020