SOLUTION: Mr. T made $60000 in 2014. His income went up 12% in 2015, then went down 12% in 2016. How much did Mr. T make in 2016?

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Question 1093644: Mr. T made $60000 in 2014. His income went up 12% in 2015, then went down 12% in 2016. How much did Mr. T make in 2016?
Found 2 solutions by josmiceli, MathTherapy:
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
I'll make the substitution +x+=+60000+
In 2015, he made:
+x+%2B+.12x+=+1.12x+
In 2016, he made:
+1.12x+-+.12%2A%28+1.12x+%29+
+1.12x+-+.1344x+=+.9856x+
and
+.9856%2A60000+=+59136+
$59,136

Answer by MathTherapy(10556) About Me  (Show Source):
You can put this solution on YOUR website!

Mr. T made $60000 in 2014. His income went up 12% in 2015, then went down 12% in 2016. How much did Mr. T make in 2016?