In January 2012, the Social Security Administration increased benefits to its recipients for the first time since 2009. Before the increase, James received $1200/month. After the increase, he received$1243.20/month. Find the percent increase in Social Security benefits.

Correct result:

p =  3.6 %

Solution:

We would be pleased if you find an error in the word problem, spelling mistakes, or inaccuracies and send it to us. Thank you!

Tips to related online calculators

Related math problems and questions:

• Loan
If you take a bank loan $10000 and we want to repay after the year, we have to pay the total amount$ 10320/ What is the annual interest rate on this loan?
• Four pupils
Four pupils divided $1485 so that the second received 50% less than the first, the third 1/2 less than a fourth and fourth$ 154 less than the first. How much money had each of them?
• Saving 9
An amount if $2000 is invested at an interest of 5% per month. if$ 200 is added at the beginning of each successive month but no withdrawals. Give an expression for the value accumulated after n months. After how many months will the amount have accumul
• Commission
Daniel works at a nearby electronics store. He makes a commission of 15%, percent on everything he sells. If he sells a laptop for 293.00$how much money does Daniel make in commission? • Exchange rates If the Canadian dollar appreciated by C$0.005 relative to the US dollar, what would be the new value of the Canadian dollar per US dollar? Assume the current exchange rate was US$1 = C$0.907.
• Sales off
If a sweater sells for $19 after a 5% markdown, what was its original price? • Loan Apply for a$ 59000 loan, the loan repayment period is 8 years, the interest rate 7%. How much should I pay for every month (or every year if paid yearly). Example is for practise geometric progression and/or periodic payment for an annuity.
• Saving in January
On the 1st of January a students puts $10 in a box. On the 2nd she puts$20 in the box, and so on, putting the same number of 10-dollers notes as the day of the month. How much money will be in the box if she keeps doing this for a the first 10 days of Ja
Charlie is saving money to buy a pair of headphones for $225. He has$37 so far, and he can save $15 per week. In how many weeks will he have enough money to buy the headphones? • Concert ticket Noah wants to save$60 so that he can purchase a concert ticket. If he has saved $45 so far, what percentage of his goal has he saved? What percentage remains? • Tennis racket Tennis racket became cheaper by 16% in winter. In the spring, the price increased by 15%. After this increase, it cost € 38. How much did the rocket cost in the winter before cheapening? • Selling price Find the selling price. Cost to store:$50 Markup: 10%
Aunt Rose gave $2500 to Mani and Cindy. Mani received$500 more than Cindy. How mich did Cindy received?
Emilio made 69 potholders. Each potholder cost him $2.81 to make. If he sells each potholder for$3.12, how much profit will he make?
The sales tax rate is 4.447​% for the city and 4​% for the state. Find the total amount paid for 2 boxes of chocolates at ​$17.96 each. • Salary Calculate the equivalent annual salary to an hourly wage of$ 19. Assume a 42-hour workweek.
Jaxon’s start up business makes a profit of $450 during the first month. However, the company records a profit of -$60 per month for the next four months and a profit of \$125 for the final month. What is the total profit for the first six months of Jaxon’