What is a 10% year raise of $3,000 per month?
What is a 15% year raise of $3,000 per month?
Is this the way the question is phrased in your book ?
I'd say that a 10% raise on a base pay of $3000/mo is 10% of 3000, or $300/mo
To calculate a 10% yearly raise on $3,000 per month, you need to first calculate the monthly raise amount, and then multiply it by 12 to find the yearly raise.
Step 1: Calculate the monthly raise amount.
10% of $3,000 = 0.10 x $3,000 = $300
Step 2: Calculate the yearly raise amount.
$300 x 12 = $3,600
Therefore, a 10% yearly raise on $3,000 per month would be $3,600.
Similarly, to calculate a 15% yearly raise on $3,000 per month, follow the same process.
Step 1: Calculate the monthly raise amount.
15% of $3,000 = 0.15 x $3,000 = $450
Step 2: Calculate the yearly raise amount.
$450 x 12 = $5,400
Therefore, a 15% yearly raise on $3,000 per month would be $5,400.