Question

What single decimal multiplier would you use to increase by 2% followed by a 1% increase?

Answer 1

Answer:

1.0302

Step-by-step explanation:

The multiplier for a increase of a% is 1 + a/100.

The multiplier for a decrease of b% is 1 - b/100.

2% increase:

1 + (2/100) = 1 + 0.02 = 1.02

1% increase:

1 + (1/100) = 1 + 0.01 = 1.01

What single decimal multiplier would you use to increase by 2% followed by a 1% increase?

1.02*1.01 = 1.0302

The answer is 1.0302