120,000 = 30,000 * 4
Increase by a factor of N means just multiply by N.
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30000
The answer to this question is x4 easy right?!
4%
29% of 30000 = 29% * 30000 = 0.29 * 30000 = 8700
15% of 30,000= 15% * 30000= 0.15 * 30000= 4,500