If an NGO's annual report shows that they have increased their funding by 15% fr

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Question: If an NGO\'s annual report shows that they have increased their funding by 15% from last year and last year\'s funding was $80,000, what is this year\'s funding?

Options:

$92,000
$85,000
$90,000
$95,000

Correct Answer: $92,000

Solution:

15% of $80,000 is $12,000. Therefore, this year\'s funding is $80,000 + $12,000 = $92,000.

If an NGO's annual report shows that they have increased their funding by 15% fr

Practice Questions

If an NGO's annual report shows that they have increased their funding by 15% from last year and last year's funding was $80,000, what is this year's funding?

$92,000
$85,000
$90,000
$95,000

Questions & Step-by-Step Solutions

If an NGO's annual report shows that they have increased their funding by 15% from last year and last year's funding was $80,000, what is this year's funding?

Step 1: Identify last year's funding amount, which is $80,000.
Step 2: Calculate 15% of last year's funding. To do this, multiply $80,000 by 0.15 (which is 15% in decimal form).
Step 3: Perform the multiplication: $80,000 * 0.15 = $12,000.
Step 4: Add the amount calculated in Step 3 to last year's funding. So, $80,000 + $12,000 = $92,000.
Step 5: Conclude that this year's funding is $92,000.

Percentage Increase – Understanding how to calculate a percentage increase based on a previous value.
Basic Arithmetic – Performing addition to find the new total after applying the percentage increase.

If an NGO's annual report shows that they have increased their funding by 15% fr

What’s inside this PDF?

If an NGO's annual report shows that they have increased their funding by 15% fr

Practice Questions

Questions & Step-by-Step Solutions

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