if you increase by 4%, it means you will have a new total of 104%. In decimals it is 1.04 (divide your percentage by 100) after that you do the same with the 3% increase. you'll have a new total of 103%. In decimals 1.03. If you want to know what single multiplier you can use, you need to multiply the both decimals. So you get 1.04 x 1.03 = 1.0712
