Answer:
The amount of the increase in employee's salary is $2,000
The percent increase is 5%
Explanations:
From the given graph, we have the following information:
• Amount of salary earned in 2005 = $40,000
,
• Amount of salary earned in 2006 = $42,000
a) Amount of the increased employee salary = Amount earned in 2006 - Amount earned in 2005
Amount of the increased employee salary = $42,000 - $40,000
Amount of the increased employee salary = $2,000
b) The percent increase in salary will be expressed as:
[tex]\begin{gathered} \%\text{increase}=\frac{\$42,000-40,000}{\$40,000}\times100\% \\ \%\text{increase}=\frac{2,000}{40,000}\times100\% \end{gathered}[/tex]
Simplify the result to have:
[tex]\begin{gathered} \%\text{increase}=\frac{2}{40}\times100 \\ \%\text{increase}=\frac{1}{20}\times100 \\ \%\text{increase}=5\% \end{gathered}[/tex]
Hence the percent increase in the employee's salary is 5%
