An employee's annual salary was increased Tk. 15,000. If her new annual salary now equals Tk. 90,000, what was the percent increase?
Created: 2 years ago |
Updated: 7 months ago
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To find the percent increase, you can use the following formula:
Percent Increase = [(New Value - Old Value) / Old Value] * 100
In this case:
Old Annual Salary = Tk. 90,000 - Tk. 15,000 = Tk. 75,000 New Annual Salary = Tk. 90,000
Now, calculate the percent increase:
Percent Increase = [(90,000 - 75,000) / 75,000] * 100
Percent Increase = (15,000 / 75,000) * 100
Percent Increase = (1/5) * 100
Percent Increase = 20%
So, the percent increase in the employee's annual salary is 20%.
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