Question

What is the final amount if 457 is decreased by 1% followed by a further 3% decrease? Give your answer rounded to 2 DP.

Answer 1

438.86

Explanation:

1. 457 x 0.99 = 452.43 - Decreased by 1%

2. We need to decrease 452.43 again but this time by 3% - 452.43 x 0.97

3. This gives us an answer of 438.8571

4. Finally we need to round this to 2DP, the 7 (438.8571) rounds up so the number to the left increases. This leaves an answer of 438.86

Hope this helps :D