Question

What is the final amount if 700 is increased by 4% followed by a further 3% increase?
Give your answer rounded to 2 DP.

Answer 1

Answer:

when 700 is increased by 4%

700 + ( 4% of 700)

700 + ( 4/100 × 700)

700 + 28

= 728

increase 728 by 3%

728 + (3% of 728)

728 + ( 3/100 × 728)

728 + 21.84

=749.84