on june 10, 2010 the boston globe reported that in the six years between 2006 and 2012 boston firefighters received raises of 2%, 2.5%, 3%, 3.5%, 2.5%, and 1.5%. then overall raise is 16%
on june 10, 2010 the boston globe reported that in the six years between 2006 and 2012 boston firefighters received raises of 2%, 2.5%, 3%, 3.5%, 2.5%, and 1.5%.
let us assume the amount be 100
in 2007 it increase at 2% then it become 102
in 2008 at rate 2.5% then =102+2.55=104.55
in 2009 at rate 3% then it become =3.1365+104.55= 107.68
in 2010 at rate 3.5% = 3.7690+107.68=111.44
in 2011 at rate 2.5% = 2.786+111.44=114.22
in 2012 at rate 1.5%= 1.71+114.22=115.93
Hence, overall increase is 16%
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