Question

From january to february of the second year, a 0.2% change in disposable income was reported. If the January amount was 12.43 million dollars, what would be the february amount be?

Answer 1

The disposable income in February after a 0.2% increase from January's amount of $12.43 million is calculated by multiplying the January amount by the percentage increase and adding it to the initial amount, resulting in a February disposable income of $12,454,860.

Step-by-step explanation:

To calculate the amount of disposable income in February after a 0.2% increase from January's amount of $12.43 million, we can follow these steps:

1. First, determine the change in the income by multiplying the January amount by the percentage increase:
   $12,430,000 × 0.2% = $12,430,000 × 0.002 = $24,860.
2. Next, add this change to the January amount to obtain the February disposable income:
   $12,430,000 + $24,860 = $12,454,860.

Therefore, the disposable income amount in February would be $12,454,860.