Answer:
To calculate the final amount when 1548 is increased by 5% and then by a further 6%, you can use the following formula:
Final amount = (1 + r1)(1 + r2) * 1548
where r1 is the first percentage increase (5%) as a decimal (0.05), and r2 is the second percentage increase (6%) as a decimal (0.06).
Plugging in the values, we get:
Final amount = (1 + 0.05)(1 + 0.06) * 1548
Final amount = 1.05 * 1.06 * 1548
Final amount = 1650.94
Therefore, the final amount is 1650.94 rounded to 2 decimal places.
Explanation: