What is the final amount if 700 is increased by 4% followed by a further 3% increase?

Nasi asked Mar 4, 2022

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Nasi asked Mar 4, 2022

by Nasi

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9 votes

Answer:

Answer: 749.84

Explanation:

• For 4% increment

$= { \rm{ ((100 + 4))/(100) * 700 }} \\ \\ = { \rm{ (104)/(100) * 700}} \\ \\ = { \rm{728}}$

• For the 3% increment

$= { \rm{ ((100 + 3))/(100) * 728}} \\ \\ = { \rm{ (103)/(100) * 728 }} \\ \\ = { \rm{749.84}}$

Jveazey answered Mar 11, 2022

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