Five months ago, Mike earned ten times more money than Fred, and since Fred earned $1000, Mike earned 10*1000 = $<<10*1000=10000>>10000 more than Fred.

The total amount of money that Mike earned five months ago is $10000+$1000 = $<<10000+1000=11000>>11000

Mikes salary has increased by 40/100*$11000 = $<<40/100*11000=4400>>4400

Mike's current salary is $11000 +$4400 = $<<11000+4400=15400>>15400

# Answer

15400
Question:
Five months ago, Mike earned 10 times more money than Fred. If his salary has increased by 40 percent now, and Fred's salary then was $1000, calculate Mike's salary now.
Answer:
Let's think step by step.

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15400
Five months ago, Mike earned 10 times more money than Fred. If his salary has increased by 40 percent now, and Fred's salary then was $1000, calculate Mike's salary now.
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