This % percent symbol all by itself it stands for 1/100.
.3% can be written in two more ways either as .3/100 meaning 3/10 divided by 100 or even as 3/10 /100 still 3/10 divided by 100.
To divide 3/10 by 100 we must first invert the right side to 1/100 then multiply.
3/10 x 1/100 = 3/1000
To figure out how much extra a person would get, all he/she have to do is first multiply what she/he gets now by 3 and divide that result by 1000.
Let's put this in perspective suppose we actually get a 3% raise which of course is 3/100 and suppose we get $900 a month now. When we multiply 900 by 3 and divide that result by 100 we get $27 extra when added to the 900 we get $927.total.
However it is not 3% (3/100) raise but .3% (3/1000) so it will be 10% less. ,Multiply 900 by 3 and divide that result by 1000 and we get $2.70 extra or $ 902.70 total. When we round that off it should be $903 but if I know them they will probably drop the .70 and round that figure to $902.
What are they doing with our money?
Again multiply the amount you get now by 3 and divide that result by 1000 that's how much extra money you'll be getting.
In the make shift formula below X is the amount you're making now. The * means to multiply this symbol is used so it won't be confuse with the unknown X.
(3 * X)/1000.
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