Q: Cadence has worked for her new company five months longer than she worked for her old company. If she worked at her old company for 3 years earning $5000 per month, and she's now earning 20% more in the new company, calculate the total amount of money she's earned in both companies in the period she's worked for them?
A: 426000
Explain how we arrive at this answer:
Explanation: In her old company, if she worked for three years, the total number of months she was paid for is 3 years * 12, which is the number of months in a year = 36 months. If each month she was paid $5000, her total earnings in the old company were $5000 * 36 = $180000. In her new company, she is paid 20% more, which is 20 / 100 * $5000 = $1000 per month more than what she was paid at the old company. In total, she earns $5000 + $1000 = $6000 per month in her new company. Since she's worked five months more in the new company than the old company, she has worked for 36 + 5 = 41 months in the new company. The total amount she's earned in the new company is $6000 * 41 = $246000. The combined total for both companies is $246000 + $180000 = $426000.