Question

What is the final amount if 1548 is increased by 5% followed by a further 6% increase?

Give your answer rounded to 2 DP

Answer 1

The rounded answer is 1723

Answer 2

1722.92

Step-by-step explanation:

1548 increased by 5% can be represented as 1548x1.05 = 1625.4.

1625.4 increased by another 6% is can be represented as 1625.4x1.06 = 1722.924.

Rounded to 2 DP: 1722.92