Question

(ii) His earnings of $37000 increase by 3.2% in 2022.

Calculate his earnings in 2022.
Answered by GPT 3.5
To calculate his earnings in 2022 after a 3.2% increase, you can use the following formula:

Earnings in 2022 = Earnings in 2021 + (Earnings in 2021 x Percentage Increase)

Let's do the calculation:

Earnings in 2022 = $37000 + ($37000 x 0.032)
Earnings in 2022 = $37000 + $1184
Earnings in 2022 = $38184

Therefore, his earnings in 2022 will be $38,184.