Section: Mathematics Usage
33)
Mike received a 10% raise each month for 3 consecutive months. What was his salary after the three raises if his starting salary was $1000 per month?
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Explanation
After the first month Mike received $1100 ($1000 * 1.10). In month two, Mike's salary increased to $1210 ($1100 * 1.10). And in month three Mike's salary was raised again to $1331 ($1210 * 1.10).
