Question

joe's employer givs a 5% raise to all its employees every year. joe's current net salary is $54,000.00 oer year. create an equation for joe's net pay

Answer 1

54,000+
`(54,000*5)/(100)`

Explanation:

For creating the equation let us suppose the John's net pay is $X

so if there is Y% raise in the payment so the equation for the net pay will be like this

Total net pay =X+ Y% of X=
`X+(XY)/(100)`

Now putting the values of X and Y for calculating the Joe's net pay

=
`54,000+(54000*5)/(100)\\= 54,000+2700\\=56,700`

So, Joe's net pay is $56,700.0