Clint's salary increased from $21,000 to $29 ,400 over a three-year period. Helen's salary increased from $27000 to $37800 over the same period. Whose salary increased more in absolute terms? In relative terms? Explain. Whose salary increased more in absolute terms? Select the correct choice below and fill in the answer box(es) to complete your choice.
A. Clint's salary increased more, because his salary increased by $---- . This is more than $---- , the amount that Helen's salary increased.
B. Helen's salary increased more, because her salary increased by $--- . This is more than $--- , the amount that Clint's salary increased.
C. Neither person's salary increased more, because both of their salaries increased by $---- .
Clint's salary increased from $21,000 to $29 ,400 over a three-year period i.e. by $ 8400. Helen's salary increased from $27000 to $37800 i.e. by $ 10800 over the same period.
In absolute terms, Helen's salary increased more, because her salary increased by $10800 . This is more than $8400 , the amount that Clint's salary increased. Option B.
In relative terms, Clint’s salary increased by (8400/21000)*100= 40 %, while Helen’s salary increased by (10800/27000)*100 = 40 %. Thus, in relative terms, both Clint’s and Helen’s salary increased by 40 %.
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