Mr. Salas receives a 10% raise every year. His salary after four such raises has gone up by what percent?

1 Answer
Daniel Boyd
Jun 24, 2016

#10%xx4=40%#

Explanation:

Mr. Salas receives a yearly raise of 10%

#r# = 10% = the rate of his yearly raise

#t# = 1 = the number of times he receives the 10% raise in one year

#x# = 4 = the number of raises Mr. Salas received

#y# = 40% = the amount his raise has gone up since year 1

#rxxtxxx=y=10%xx1xx4=40%#

After four 10% raises, Mr. Salas has earned 40% of his original salary which was 40% less than what he earns now.

Related questions
See all questions in Percent Equations
Impact of this question
1992 views around the world
You can reuse this answer
Creative Commons License