Question

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

Answer 1

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}}`