1/6 (15a + 20b) = distributive properties
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So the amount after 21 years is: $66328.68
Firstly, we have to find out what 10% of $25000 is. To do this, multiply $25000 by 0.1 (10% in decimal form): . <em>$2500 is the 10% raise.</em>
Next, to find your first new salary, add $25000 and $2500 together: . <u>$27500 is your new salary after the 10% raise.</u>
Next, we need to find 10% of $27500. It's a similar process as to finding 10% of $25000. . <em>$2750 is your 10% cut.</em>
Next, since this is a cut, subtract $2750 from $27500. . <u>$24750 is your new salary after the 10% cut.</u>
Next, to find the percentage change, firstly divide $24750 by $25000. . Now this shows that your current salary is 99% of what you used to make. It is <em>not</em> how much less you make. To find how much less it is, subtract 99% from 100%:
. <u>Your current salary is 1% less than what you used to make.</u>