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
Answer provided by our tutors
the total bonus for 12 months is 12*300 = $3,600
(12*300)/40000 = 3600/40000 = 0.09 or 9%
I will have an overall salary increase of $3,600 or 9%.