Answer:
New value =
40,000 + Percentage increase =
40,000 + (5% × 40,000) =
40,000 + 5% × 40,000 =
(1 + 5%) × 40,000 =
(100% + 5%) × 40,000 =
105% × 40,000 =
105 ÷ 100 × 40,000 =
105 × 40,000 ÷ 100 =
4,200,000 ÷ 100 =
so the answer would be 42,000
$42,000
Step-by-step explanation:
First get 5% of $40000
So,
5% /100% x $40000
0.05 x $40000
$2000
Now to get the increase, add $2000 which is 5% of $40000 to $40000
$40000 + $2000
= $42,000
Therefore, 5% increase of $40000 is $42000
