Question

Many us employess received a 3% raise in 2012 suppose an employee made 47,000 in 2011 and received a 3% raise. What did she make In 2012 show two different ways to answer the question

Answer 1

First lets get 3% into decimal form. 

3% is 3/100  = 0.03

Now multiply 0.03 by 47000 to get how much extra money she was going to get. 

47000 * 0.03 = 1410

Now we just add
47000 + 1410 = 48410 is what she was going to make in 2012

Another way to do this is 

(47000)(1+0.03) = 48410

you would use (1+0.03) which tells you she increased in pay.