Question

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

Answer 1

Answer:

The single decimal multiplier will be 1.0712

Step-by-step explanation:

Let the number is x.

So, increasing the number by 4% will give the number $x(1 + \frac{4}{100}) = 1.03x$

Now, if the number 1.03x is again increased by 3%, then it will become $1.04x(1 + \frac{3}{100}) = 1.0712x$.

Therefore, the single decimal multiplier that I will use to increase by 4% followed by a 3% increase is 1.0712. (Answer)