Question

What is 5% increase of $40,000?

Answer 1

Answer:

$42,000

Step-by-step explanation:

First get 5% of $40000

So,

5% /100% x $40000

0.05 x $40000

$2000

Now to get the increase, add $2000 which is 5% of $40000 to $40000

$40000 + $2000

= $42,000

Therefore, 5% increase of $40000 is $42000

Answer 2

Answer:

New value =

40,000 + Percentage increase =

40,000 + (5% × 40,000) =

40,000 + 5% × 40,000 =

(1 + 5%) × 40,000 =

(100% + 5%) × 40,000 =

105% × 40,000 =

105 ÷ 100 × 40,000 =

105 × 40,000 ÷ 100 =

4,200,000 ÷ 100 =

so the answer would be 42,000