Question

Mark is receiving a pay rise of 7%. He currently earns £15,000. How much will Mark earn after his pay rise?

Answer 1

£16,050

Explanation:

Mark's current pay is £15,000.

His pay raise is 0.07(£15,000), or £1,050

His new pay is the sum of these two results: £15,000 + £1,050 = £16,050