If Adam's income increases 20% from $600 and then increases by another 20%, what is Adam's latest income?
|
Original Income (%) |
New income (%) |
Income ($) |
Before 1 |
100% |
|
$600 |
Change 1 |
+ 20% |
|
|
After 1 |
120% |
100% |
$720 |
Change 2 |
|
+ 20% |
|
After 2 |
|
120% |
$864 |
100% of Adam's original income = $600
1% of Adam's original income = 600 ÷ 100 = $6
100% + 20% = 120%
120% of Adam's original income = 120 x 6 = $720
100% of Adam's new income = $720
1% of Adam's new income = 720 ÷ 100 = $7.20
100% + 20% = 120%
120% of Adam's new income = 120 x 7.20 = $864
Adam's latest income = $864
Answer(s): $864