5) A bowl contains 6 tangerines and 4 apples. John randomly selects one piece of fruit, and then Pam randomly selects one of
1 answer:
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Answer:
Nat's salary after 3 years = 976562.5 $
Explanation:
Salary of Nat = $500,000
Raise in salary for next three years = 25 % = 0.25
Salary of Nat after 1 year = 500,000 + 0.25 * 500,000 = 625000 $
Salary of Nat after 2 years = 625000 + 0.25 * 625000 = 781250 $
Salary of Nat after 3 years = 781250 + 0.25 * 781250 = 976562.5 $
So, Nat's salary after 3 years = 976562.5 $
Easy Method;
No of years considering = 3
Initial salary = $500,000
Rate of increase = 0.25
Final salary $
Nat's salary after 3 years = 976562.5 $
For the first one just do the multiplication as you do normally.
For the second one, you have to put a zero behind before calculating the numbers in front
For the second one, you have to put a zero behind before calculating the numbers in front