Question

James has worked for the same company his entire life. His current income is $100,000 per year. When he was originally hired, he made $50,000 per year. The company has given James a consistent raise of 2 percent every year. How long has James been with the company

Answer 1

50 years

Step-by-step explanation:

I did : 100,000 - 50,000 = 50,000

This shows us how much more money he’s earned since he’s worked there.

Then I worked out 2% of 50,000

This tells us how much money was added each year.

To find 2% I did : 50,000 / 100 = 500 x 2(because that’s the percent) = 1,000

Then I did : 50,000 / 1,000 = 50

Therefore, he’s worked there 50 years.

I hope this helped and is actually right :)