Question

last year mr. jones made $30,000. his boss just informed him that he will be receiving at least an 11.2% raise for this year. how much will he make this year?

Answer 1

Method 1: Convert 11.2% to a decimal, then multiply that number times 30,000. that number will be the amount of the raise. Then you can add that number to 30,000 to get his new salary. Note: 10% of 30,000 is 3,000, so his raise should be a little larger than that. Try.

Answer 2

Method 2: Use 1 + .112 = 1.112, which is like 111.2% of his current salary, to multiply the $30,000, which will give you his new salary directly.