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    mantha2484's Avatar
    mantha2484 Posts: 1, Reputation: 1
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    #1

    May 19, 2008, 11:31 AM
    Adding percent
    I need to know how to add percentages to money value.

    Example: 2006 Last quarter sales of $4,000,000, will increase by 3%, 4%, 6% and 5%
    galactus's Avatar
    galactus Posts: 2,271, Reputation: 282
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    #2

    May 19, 2008, 02:26 PM
    Find the % of 4,000,000 then add it to 4,000,000.

    For instance, for 3% increase: 4,000,000(.03)=120,000

    4,000,000+120,000=4,120,000

    That's it.
    kateuk's Avatar
    kateuk Posts: 20, Reputation: 2
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    #3

    Jun 4, 2008, 12:13 PM
    That's a good method. Another is to use multiplication.
    3% = 0.03
    So multiply 4000000 by 1.03 = 41200000
    4% = 0.04
    41200000 x 1.04 = 4284800
    6% = 0.06
    4284800 x 1.06 = 4541888
    5% = 0.05
    4451888 x 1.05 = 4768982.4

    So the final amount is $4,768,982.40
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