What single decimal multiplier would you use to increase by 7% followed by a 9% increase?

Question

Mathematics

Newman

5 December, 00:55

What single decimal multiplier would you use to increase by 7% followed by a 9% increase?

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Savage · Answer 1

The decimal multiplier is 1.1663

Step-by-step explanation:

Since the increases are done successively we can find decimal numbers for each one and multiply both to have a single decimal representing the whole operation. When there's a increase this means that we have the original value (100%) summed by some other value, in this case 7%, so the new value would be 100% + 7% = 107%, we can transform this to a decimal number by dividing it by 100, so 107/100 = 1.07. The same applies to the 9% increase, so we would have 109/100 = 1.09. We can now multiply both to obtain a single decimal multiplier, we have:

1.07*1.09 = 1.1663