Mathematics
Mathematics, 17.10.2020 14:01, robert7248

Mary Sue was a dedicated company employee. She worked for the same company for 32 years (1986 to 2018). Mary Sue once noted “When I started working here in 1986, I was making $20,000.
Now I’m making about $60,000!”
a) By what percent has Mary Sue’s salary increased over the years?
b) Inflation from 1986 to 2018 was about 130%, meaning increase $1 in 1986 by 130% to get its
equivalent value in 2018:
130% of $1: $1(1.3) = $1.30
Increase by 130%: $1 + $1.30 = $2.30.
So, $1 in 1986 has the same value as $2.30 in 2018.
Knowing this, what might someone say was Mary Sue’s “true” percent increase in salary over
the years? (i. e., what is her percent salary increase when adjusted for inflation?).

answer
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 16:40, mattstudy305
Which recursive formula can be used to determine the total amount of money earned in any year based on the amount earned in the previous year? f(n+1)=f(n)+5
Answers: 1
image
Mathematics, 21.06.2019 18:10, lalaokawami0912
Find the smallest number by which the given number should be divided to make a perfect cube(with steps or the answer will get reported) a.108 b.2187
Answers: 1
image
Mathematics, 21.06.2019 23:00, fatimababy
700 miles the train takes 5 hours to a travel the distance at what unit rate is the train traveling?
Answers: 1
image
Mathematics, 22.06.2019 02:00, 2936131
15 oranges weigh 3.75 kilograms (kg). if each orange weighs approximately the same, approximately how much does each orange weigh?
Answers: 2
Do you know the correct answer?
Mary Sue was a dedicated company employee. She worked for the same company for 32 years (1986 to 20...

Questions in other subjects: