Question

What is the final amount if 468 is increased by 8% followed by a further 9% increase? Give your answer rounded to 2 DP.

Answer 1

550.93

Explanation:

468*1.08*1.09= 550.93

Answer 2

550.93

Explanation:

First find the amount after the 8% increase

468 * 08

37.44

Add that to 468

468+37.44

505.44

Now find the 9 % increase

505.44*.09

45.5896

Add this to 505.44

505.44+45.5896

550.9296

Rounding to 2 decimal places

550.93