# SOLUTION: Would you rather receive a 7% raise followed by a 2% raise or a 2% raise followed by a 7% raise? Explain.

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 Question 237913: Would you rather receive a 7% raise followed by a 2% raise or a 2% raise followed by a 7% raise? Explain.Answer by Alan3354(30993)   (Show Source): You can put this solution on YOUR website!Would you rather receive a 7% raise followed by a 2% raise or a 2% raise followed by a 7% raise? Explain. ----------- If you make \$D per week: D*1.07 = 1.07D Then, 1.07D*1.02 = 1.0914D --------------------------- With 2% first, it's the same amount. ------------- If they're close in time, there's no difference. But, if you get the 7% first and make more for some amount of time, you'll get more.