Problema Solution
If I continue to meet my performance goals, I will receive a $300 bonus each month. My annual salary is $40,000, so if I meet my goals each month, my total bonus will give me an overall salary increase of what percent?
Answer provided by our tutors
12 months of bonuses:
12 * 300 = 3600
overall salary increase:
(3600 + 40000)/40000 = 1.09
109% salary increase
percentage bonus is of salary:
3600/4000 = 0.09
9% of your overall salary will come from bonuses