Question

A worker currently receives a yearly salary of $20,000.

a)Find the dollar values of a 3%, 4%, and 6% raise for this worker

Answer 1

Take 20,000*1.03
do the same for 4% and 6%
And round to the nearest dollar

Answer 2

Hey!

Hope this helps...

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Because we are finding DOLLAR amounts, and not a total, we are simply going to do this:

Salary * (percent /100) = $Value

20,000 * 3% [or 0.03] = $600

20,000 * 4% [or 0.04] = $800

20,000 * 6% [or 0.06] = $1,200

Now to find his new salary if he were to get a raise, we will add the individual amounts to 20,000 is he were to only get a SINGLE percent raise increase...

If his salary (currently) is $20,000 and gets a 3% raise, his new salary is:

$20,600

If his salary (currently) is $20,000 and gets a 4% raise, his new salary is:

$20,800

If his salary (currently) is $20,000 and gets a 6% raise, his new salary is:

$21,200

If he were to get all THREE raises at the same time (per say) [or one after the other going off of a $20,000 salary], his new salary is:

$22,600