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What is the final amount if 1102 is increased by 2% followed by a further 1% increase? Give your answer rounded to 2 DP.

What is the final amount if 1102 is increased by 2% followed by a further 1% increase? Give your answer rounded to 2 DP.
asked 152k views
9 votes
What is the final amount if 1102 is increased by 2% followed by a further 1% increase?

Give your answer rounded to 2 DP.

asked
User DinushaNT
by
7.4k points

1 Answer

8 votes

Answer:

1135.28

Explanation:

1102 * (1.02) = 1124.04

1124 * (1.01) = 1135.28

answered
User Alvas
by
7.6k points
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