MathCastle
StatisticsChallengeCenter and Spread

Center and Spread · Challenge problem

Every employee gets either (i) a 3%3\% raise followed by a $1000\$1000 bonus, or (ii) a $1000\$1000 bonus followed by a 3%3\% raise applied to salary plus bonus. By how many dollars does the mean new salary under (ii) exceed that under (i)?