Question

If you want to increase an amount by 15%, what is the multiplying factor?

with a clear explanation

Answer 1

multiplying factor = 1.15

Explanation:

the original amount is 100%

the increase is 15%

then increasing the original amount by 15% is

100% + 15% = 115% =
`(115)/(100)` = 1.15

multiplying factor is 1.15