Question

What single decimal multiplier would you use to increase by 4% followed by a 3% increase? plz help

Answer 1

The single decimal multiplier that I will use to increase by 4% followed by a 3% increase is 1.0712

Explanation:

Let

x ----> the number

Remember that

`100\%+4\%=104\%=104/100=1.04`

`100\%+3\%=103\%=103/100=1.03`

we know that

Increase a number by 4% followed by a 3% increase is the same that multiply the number for (1.04)(1.03)

so

`x(1.04)(1.03)=1.0712x`

therefore

The single decimal multiplier that I will use to increase by 4% followed by a 3% increase is 1.0712