Question

What single decimal multiplier would you use to increase by 5% followed by a 6% increase?

Answer 1

The required single decimal multiplier would be 1.113.

Step-by-step explanation:

Let x be a number,

After increasing by 5%,

The new number = x + 5% of x

= x + 0.05x

= 1.05x

Again after increasing by 6%,

Final number = 1.05x + 6% of 1.05x

= 1.05x + 0.06(1.05x)

= 1.05x + 0.063x

= 1.113x

Hence, the required single decimal multiplier would be 1.113.