Question

Your weekly pay of $250 is about to be increased by 6%. Explain the two steps you would take to determine your new weekly pay. Identify your new payment.

Answer 1

First, you would determine how much more this new weekly payment is. As we are getting a raise of .06 times our old payment, our new payment will be (old payment)+(.06*(old payment)), or more simply, 1.06 times the old payment. Multiplying this out gives us 1.06*250, or 265

Another way to do this, which is also two steps, is to multiply the old payment by .06 then add that to our old payment.
.06*250 = 15
250+15 = 265

I hope this helps!