Question

What is the final amount if 468 is increased by 8% followed by a further 9%

increase?
Give your answer rounded to 2 DP.
8
9

Answer 1

The final amount is 550.93.

Explanation:

Here, the given amount is 468.

Now 8% of the given amount is
`(8)/(100)  * 468  = 37.44`

⇒ 8% of 468 = 37.44

So, the New amount = Initial Amount + 8% increase

= 468. + 37.44 = 505.44

Now 9 % of the new amount 505.44 is

[tex]\frac{9}{100} \times 505.44 = 45.4896/tex]

⇒ 9% of 505.44 = 45.4896

So, the Final amount = New Amount + 9% increase

= 505.44 + 45.4896 = 550.93

Hence, final amount is 550.93.