Average percentage over a period of time: taking monthly salary, multiplying by 10% over 12 months

[geechung7089]

Hi,

I have a question. If you take a monthly salary of $6000 and multiply by 10% over 12 months you get $7200. How do you figure out what is the equivalent percentage over 10 months instead to get $7200? For example, I think the equivalent over 6 months would be 20% am I correct?

Thanks,

Geechung

 

[tkhunny]

Hi,

I have a question. If you take a monthly salary of $6000 and multiply by 10% over 12 months you get $7200. How do you figure out what is the equivalent percentage over 10 months instead to get $7200? For example, I think the equivalent over 6 months would be 20% am I correct?

Thanks,

Geechung

Monthly Salary * Percentage * Months = 7200

6000 * 10% * 12 = 7200

6000 * What * 10 = 7200

6000 * What * 6 = 7200 ==> 6000 * What = 7200 / 6 = 1200 ==> What = 1200 / 6000 = 0.20 = 20% -- I think you have it.

 

[geechung7089]

Monthly Salary * Percentage * Months = 7200

6000 * 10% * 12 = 7200

6000 * What * 10 = 7200

6000 * What * 6 = 7200 ==> 6000 * What = 7200 / 6 = 1200 ==> What = 1200 / 6000 = 0.20 = 20% -- I think you have it.

Hi,

Can you give me an example using 10 months?

Thanks,

Geechung

 

[mmm4444bot]

Can you tell us why you're doing this? What does multiplying a salary by 10% over 10 months mean? That is, what does the $7200 amount actually represent?

Please read the forum's submission guidelines. Thank you!

?

 

[geechung7089]

Can you tell us why you're doing this? What does multiplying a salary by 10% over 10 months mean? That is, what does the $7200 amount actually represent?

Please read the forum's submission guidelines. Thank you!

?

Hi,

Sorry I was not clear. I am trying to do a budget projection for my work. I am trying to figure out how many months I can project an employee at 100% FTE over a year. Currently if I spread his effort for his grants with the percent for each of his grants over 12 months he is below 100% FTE. I am trying to figure out if I spread his salary over 10 months will the increase in percentage for each of his grants make him reach 100% FTE. For example, if I spread his equivalent effort over 10 months will the increase in percentages for all his grants make him 100% FTE.

Does that make sense?

Thanks,

Geechung

 

[JeffM]

No, it makes very little sense. Why do you need to calculate FTE as part of a budget? If a person is employed full time for a year, that person is a full time employee regardless of how many grants he is working on.

It sounds as though you are trying to say that you want to show that the employee is fully employed by his grants, but the estimated time he will spend on each grant does not add up to the full work year for which he is to be paid. Is that at least part of the issue?