Question

John expects to get a 3% raise and his current salary is $72,065 what will his salary be after the raise...

8 1/4 - 6 5/6=

Answer 1

• $74,226.95
• 1 5/12

Explanation:

a) When 3% of the value is added to 100% of the value, the result is 103% of the original value.

$72,065 × 1.03 = $74,226.95 . . . . John's expected salary

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b) 8 1/4 -6 5/6 = 8 3/12 -6 10/12

= (8 -6) +(3/12 -10/12)

= 2 - 7/12

= 1 5/12