Science, Maths & Technology
How to compare income across countries
...write it as /100. So 5% is the same as 5/100. 5/100 can also be written as 0.05. A 5% increase means take the original amount ( 1x the original amount) and add 5%, or 0.05x the value, to it. That is, a 5% increase means multiply the original amount by itself (1x) and another 0.05x itself, to give 1+0.05 = 1.05 times the original amount. To see how quickly the...