Question

What is the final amount if 975 is increased by 1% followed by a further 9% increase?

Give your answer rounded to 2 DP.

Answer 1

1073.38

Explanation:

975 × 0.01 = 9.75

9.75 + 975 = 984.75

984.75 × 0.09 = 88.6275

88.6275 + 984.75 = 1073.38