Question

Work out the multipler as a single decimal number that represents an increase of 20% for 3 years

Answer 1

Explanation:

To calculate the multiplier representing a 20% increase for 3 years, we need to apply the percentage increase repeatedly for each year.

Let's start with a multiplier of 1, representing the initial value.

For the first year:

1 + 20% = 1 + 0.2 = 1.2

For the second year:

1.2 + 20% = 1.2 + (1.2 * 0.2) = 1.2 + 0.24 = 1.44

For the third year:

1.44 + 20% = 1.44 + (1.44 * 0.2) = 1.44 + 0.288 = 1.728

Therefore, the multiplier representing a 20% increase for 3 years is approximately 1.728.