If Adam's income increases 10% from $200 and then increases by another 10%, what is Adam's latest income?
|
Original Income (%) |
New income (%) |
Income ($) |
Before 1 |
100% |
|
$200 |
Change 1 |
+ 10% |
|
|
After 1 |
110% |
100% |
$220 |
Change 2 |
|
+ 10% |
|
After 2 |
|
110% |
$242 |
100% of Adam's original income = $200
1% of Adam's original income = 200 ÷ 100 = $2
100% + 10% = 110%
110% of Adam's original income = 110 x 2 = $220
100% of Adam's new income = $220
1% of Adam's new income = 220 ÷ 100 = $2.20
100% + 10% = 110%
110% of Adam's new income = 110 x 2.20 = $242
Adam's latest income = $242
Answer(s): $242