Question

What is the final amount if 700 is increased by 4% followed by a further 3% increase? Give your answer rounded to 2 DP.

Answer 1

749.84

Explanation:

700*1.04*1.03= 749.84

Answer 2

749.84

Explanation:

Find the new amount after the first increase

700 * .04

28

Add that to the original amount

728

Now find the second increase

728 * .03

21.84

Add that to 728

728+21.84

749.84