SOLUTION: Explain this statement: "Please be informed that upon further consideration, staff salaries shall be increased by a further 18% effective 1st August 2014, making a total increase o

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Question 891664: Explain this statement: "Please be informed that upon further consideration, staff salaries shall be increased by a further 18% effective 1st August 2014, making a total increase of 30%".
Answer by robertb(5830) About Me  (Show Source):
You can put this solution on YOUR website!
It means there was already an increase of about 10.1695% initially, but another 18% increase brought total increase to 30%. To see this, just consider
1.30 = 1 + 0.30 = (1 + 0.101695)*(1 + 0.18) = 1.101695*1.18.