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An incentive clause in Barry Bonds contract allows for a 3.4% bonus if he hits over 719 home runs in this season. His contract is currently valued at $14, 500,000 What would the bonus be worth?

Respuesta :

The bonus would be worth $493,000.

3.4% = 3.4/100 = 0.034; 3.4% of 14500000 = 0.034(14500000) = 493000.

Percentage of bonus = 3.4% = [tex] \frac{3.4}{100} [/tex]= 0.034

Current value of contract = $14, 500,000

To calculate the bonus for the current value we multiply the bonus percentage and the current value

Bonus for the current value = 14, 500,000 * 0.034 = 493,000

So the bonus worth is $493,000

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