Question

Brandon earns $150,000 each year (he works as an actuary, which is a great career in

accounting and mathematics). He just settled a large account and will receive a 4% raise. How much will his yearly salary be after his raise?

Answer 1

$156,000

Explanation:

First, ------ 4% into a fraction:

`(4)/(100)`

Then, ----- the fraction to a decimal:

`.004`

Now to find 4% of 150,000, multiply the decimal of 4% by 150,000:

`150,000` ×
`.004`

`= 6,000`

Increase 150,000 by 4%:

`150,000 + 6000`

`=156,000`

--

Multiply 6,000 by 25:

`25` ×
`6,000`

`=150,000`

(Add the 4%):

`150,000 + 6,000`

`=156,000`