Step-by-step explanation:
Bob's salary : $35000 per year plus 10% after one year
100% = 35000
1% = 100%/100 = 35000/100 = $350
10% = 10×1% = 10×350 = $3500
so in total, his salary will be $35000+$3500 = $38500 after one year.
Sam's salary : $3842.42 per month plus 5% after one year.
100% = $3842.42 per month. but to make it comparable to Bob's salary, we need to calculate the annual salary.
so, 100% 12×3842.42 = $46109.04
1% = 100%/100 = 46109.04/100 = $461.09
5% = 5×1% = 5×461.09 = $2305.45
so, in total, his salary will be $46109.04+$2305.45 = $
