Question

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

Answer 1

The single decimal multiplier will be 1.0712

Explanation:

Let the number is x.

So, increasing the number by 4% will give the number
`x(1 + (4)/(100)) = 1.03x`

Now, if the number 1.03x is again increased by 3%, then it will become
`1.04x(1 + (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)