Percent Applications

Question

Cost-OF-Living INCREASES A teacher earning $40,000 just received a cost of living increase of 3.6%. What is the teacher's new salary?

Answer 1

A=P(B)

A=part

B=amount

P=percent

so B=40,000,P=0.036, A=?

so 40,000(0.036)=A

A=$1,440

then we add 1400 to 40,000=41,440

P=3.6% so I just moved the decimal 2 places to the left to get 0.036