Answer:
£67.87
Explanation:
(Total increase) = (Original Amount) × (Multiplier)²
Rearrange the equation to find the original amount
(Total increase) ÷ ( Multiplier)² = (Original amount)
To find the Multiplier, add 1 to 3% = 1.03
Substitute what you can
(72) ÷ (1.03)² = Original amount
£67.8669054576 = Original Amount
Round up the number to 2 decimal places since it is British Pounds currency
£67.87 = Original Amount