If Adam's income increases 30% from $200 and then increases by another 30%, what is Adam's latest income?
|
Original Income (%) |
New income (%) |
Income ($) |
Before 1 |
100% |
|
$200 |
Change 1 |
+ 30% |
|
|
After 1 |
130% |
100% |
$260 |
Change 2 |
|
+ 30% |
|
After 2 |
|
130% |
$338 |
100% of Adam's original income = $200
1% of Adam's original income = 200 ÷ 100 = $2
100% + 30% = 130%
130% of Adam's original income = 130 x 2 = $260
100% of Adam's new income = $260
1% of Adam's new income = 260 ÷ 100 = $2.60
100% + 30% = 130%
130% of Adam's new income = 130 x 2.60 = $338
Adam's latest income = $338
Answer(s): $338