Company K's earnings were $12 million last year. If this year's earnings are projected to be 150 percent greater than last year's earnings, what are Company K's projected earnings this year?
Pick:
A) $13.5 million B) $15 million C) $18 million D) $27 million E) $30 million
150 percent greater is   (1 + 150/100)= 
<gadget id="calculator">  (1 + 150/100)</gadget>
<output>5/2 = around 2.5</output>
2.5 times greater (the same way as 10% greater is  (1+10/100)= 
<gadget id="calculator"> (1+10/100)</gadget>
<output>11/10 = around 1.1</output>
1.1 times greater or the same way as 100% greater is  (1+100/100)= 
<gadget id="calculator"> (1+100/100)</gadget>
<output>2</output>
2 times greater or the same way as 5% greater is  (1+5/100)= 
<gadget id="calculator"> (1+5/100)</gadget>
<output>21/20 = around 1.05</output>
1.05 times greater).   Earnings this year= 12*2.5= 
<gadget id="calculator">12*2.5</gadget>
<output>30</output>
30.   Answer: $30 million.
<result>E</result>
Company K's earnings were $12 million last year. If this year's earnings are projected to be 150 percent greater than last year's earnings, what are Company K's projected earnings this year?