Salutations!
Mark got 20% raise for his salary. If this salary was $1800 what is the new salary?
So lets solve this!
Mark got 20% "raise" for his salary. It clearly indicates that it is percentage of increase, so therefore, after solving out all the sum, we would be adding up 1800 to get the total of the new salary.
Lets form this into statements ----
Percentage increase = 20%
Mark's old salary = $1800
Mark's new salary = 20 × 1800/100
Cancel out the zeros to make it more logical ----
20 × 18/1
= 360.
Now, we need to add 1800 and 360 to get Mark's new salary
1800 + 360 = $2160.
Mark's new salary is $2160.
Hope I helped :D
Answer:
V = 5000 + 275*T for simple annual interest
or: A = 5000 * (1.055)^T for an annual compound interest
Step-by-step explanation:
I assume this is a simple interest rate. If not I will give the one for compound interest.
V = 5000 + 5000* 0.055 * T (Value of account after T years)
V = 5000 + 275*T for simple annual interest
or: A = 5000 * (1.055)^T for an annual compound interest
Answer:
$698
Step-by-step explanation:
Given that :
Principal = $5600
Rate = 4.75%
Time = 3 years
Simple interest = principal * rate * time
Simple interest = $5600 * 0.0475 * 3
simple interest = $798
It is 10.7703296143, but estimated it would be about 11. Hope I helped!! :)
