in 2003 the state pension was increased by 2% to £78.03. What was the state pension before this increase?
2 answers:
Let the pension before increase be x.
When it was increased by 2%, that means became (100% + 2%) = 102% = 102/100 = 1.02
When the factor of 1.02 was applied it became £78.03
x*1.02 = 78.03
x = 78.03/1.02
x = 76.5
So the pension before the increase was £76.50
Hope this helped.
I dont know for Sure but i think it is
76.4694 (or Rounded 76.47)
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