If you recieve a 3% increase at work that is $1500 what is the amount you make a year?

Answer 1

Look at it this way...

Salary in 2006 = x
Pay Rise 2007 = $1500 = 3% of x = 0.03x

x = 1500 / 0.03 = 50,000

Salary in 2007 = 50,000 + 1500 = 51,500 (nice! :) )

Answer 2

Its a ratio:

3% $1500
----- ---------
100% ?????

1500*100/3 = $50,000

That's what you made before, now you make $51,500

And if you think about it, that makes sense. If you made 100 grand, a 3% raise would be $3,000.
Your raise actually was exactly half of that, so your salary must have been exactly have of $100k, before the raise.

Answer 3

$6250

Answer 4

$6500