Ricardo earned $52,000 last year. He just received a 3% salary increase. What is his new yearly salary?

Explanation:

Having the salary increase by 3% means we can use the multiplier 1.03

Think of it like 100% + 3% = 1 + 0.03 = 1.03

The new salary is 52,000*1.03 = 53,560 dollars

The slightly longer way to do this is to first figure out how much 3% of 52,000 is

3% of 52,000 = 0.03*52,000 = 1560

Ricardo earns $1560 more dollars on top of the salary of $52,000

So overall his new salary is $1,560 + $52,000 = $53,560

Personally, I prefer the first method because it's quicker and it allows for multiple percentage increases to chain together. It also could be used to chain in percentage decreases as well.

16.9 times 2.85

step-by-step explanation: