Question

Can you help me pleaseAt the end of your first year , you receive a $3,000 per year raise Using your starting salary, Calculate the percent of change between your new salary and your starting salary

Answer 1

To start with

Let us write out the given parameters

`\text{Pay rise= \$3,000}`

Now, let us imagine that the starting salary is x

Therefore, the new salary after the pay rise will be

`3000+x`

Using the formula to calculate the percentage change, we will have

`\begin{gathered} \text{percentage change=}\frac{change\text{ in amount}}{starting\text{ amount}}*100\text{ \%} \\ or \\ \text{percentage change=}\frac{\text{pay rise}}{starting\text{ amount}}*100\text{ \%} \end{gathered}`

Computing the values, we will have

`\text{Percentage change=}(3000)/(x)*100\text{ \%}`

Thus, we will have

`\begin{gathered} \text{percentage change=}(300000)/(x)\text{\%} \\ \\ \text{where x= starting salary} \end{gathered}`